The gender wage gap in top corporate jobs is still there

Burcin Yurtoglu and Christine Zulehner ()
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Christine Zulehner: https://econ.univie.ac.at

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 find that female managers receive 24.0 percent less in total compensation (salary, bonuses, other payments and exercised stock options) than their male colleagues. When we control for personal, firm and industry characteristics, this difference reduces to 15.9 percent. Controlling for occupational segregation, i.e. "glass ceiling", reduces the difference to 6.0 percent. Additional results that fully consider the role of stock option indicate a 9.0 to 12.1 percent difference. These results suggest that the main sources of the gender wage gap in top corporate jobs are occupational segregation and a different endowment of male and female managers with stock options.

JEL-codes: G3 J31 (search for similar items in EconPapers)
Date: 2007-01
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