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The gender wage gap in top corporate jobs is still there

Burcin Yurtoglu () and Christine Zulehner ()

Vienna Economics Papers from University of Vienna, Department of Economics

Abstract: We investigate the gender wage gap in top corporate jobs for the years 2000 till 2004. Using data from the OSIRIS database, we ¯nd that female managers receive 24.0 percent less in total compensation (salary, bonuses, other payments and exer- cised stock options) than their male colleagues. When we control for personal, ¯rm and industry characteristics, this di®erence reduces to 15.9 percent. Controlling for occupational segregation, i.e. \glass ceiling", reduces the di®erence to 6.0 percent. Additional results that fully consider the role of stock option indicate a 9.0 to 12.1 percent di®erence. These results suggest that the main sources of the gender wage gap in top corporate jobs are occupational segregation and a di®erent endowment of male and female managers with stock options.

JEL-codes: J31 G3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec
Date: 2007-01
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