The Gender Pay Gap in Top Corporate Jobs in Denmark: Glass Ceilings, Sticky Floors or Both?

Nina Smith, Valdemar Smith and Mette Verner ()

No 4848, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper analyses the gender gap in compensation for CEOs, Vice-Directors, and potential top executives in the 2000 largest Danish private companies based on a panel data set of employer-employees data covering the period 1996-2005. During the period, the overall gender gap in compensation for top executives and potential top executives decreased from 35 percent to 31 percent. However, contrary to many other studies, we do not find that the gender gap for Danish top executives disappears when controlling for observed individual and firm characteristics and unobserved individual heterogeneity. For CEOs, the raw compensation gap is 28 percent during the period while the estimated compensation gap after controlling for observed and unobserved characteristics increases to 30 percent. For executives below the CEO level, the estimated compensation gap is lower, ranging from 15 to 20 percent. Thus, we find evidence of both glass ceilings and sticky floors in Danish private firms.

Keywords: CEO compensation; glass ceiling; gender gap (search for similar items in EconPapers)
JEL-codes: J16 J33 M52 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-03
New Economics Papers: this item is included in nep-bec and nep-lab
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Citations: View citations in EconPapers (6)

Published - published in: International Journal of Manpower, 2011, 32 (2), 156-177

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