 Gender Pay Gap, Voluntary Interventions and Recession: The Case of the British Financial Services SectorGeraldine Healy and M. Mostak Ahamed British Journal of Industrial Relations, 2019, vol. 57, issue 2, 302-327 Abstract: State institutions and trade unions put pressure on the British financial services sector to reform its gendered practices and reduce its gender pay gap following both the recession and the Equality and Human Rights Commission (EHRC) Inquiry (2009). This article considers the effect of these pressures by comparing the gender pay gap pre‐, during‐ and post‐recession periods. Using Labour Force Survey data, the article finds a marginal pay gap reduction in the post‐recession period, a reduction that was greater in financial services than in the rest of the economy. However, the financial services pay gap remained resilient and substantially higher at the top of the earnings distribution. Union membership and collective bargaining were shown to reduce the pay gap including for women members with children. In contrast, countervailing factors, including ethnicity and post‐recession longer working hours, contributed to the pay gap. The study reveals the limitations of voluntary interventions against a resilient gendered culture. Date: 2019 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:brjirl:v:57:y:2019:i:2:p:302-327 Ordering information: This journal article can be ordered from Access Statistics for this article British Journal of Industrial Relations is currently edited by Edmund Heery More articles in British Journal of Industrial Relations from London School of Economics Contact information at EDIRC. |
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