Do Women Manage Smaller Funds?
31 Pages Posted: 22 Feb 2010
Abstract
Based on a sample of 467 asset managers from four countries we robustly find that women manage smaller funds than men, despite tough competition in this industry. Interestingly, the gender gap exists only for managers of smaller funds, i.e. at the lower end of the hierarchy, as quantile regressions show. This is inconsistent with the glass ceiling hypothesis. Going further, this gender gap is limited to large firms. Explanations may refer to large firms using market power in the area of smaller funds or to "visibility" among top asset managers protecting against unequal treatment of the sexes.
Keywords: asset managers, gender, qualification, segregation, attitudes
JEL Classification: J16, J44, G23
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
The Part-Time Pay Penalty for Women in Britain
By Alan Manning and Barbara Petrongolo
-
The Part-Time Pay Penalty for Women in Britain
By Alan Manning and Barbara Petrongolo
-
Why Do Part-Time Workers Earn Less? The Role of Worker and Job Skills
-
Moving Down: Women's Part - Time Work and Occupational Change in Britain 1991-2001
By Sara Connolly and Mary Gregory
-
Back-to-Front Down-Under? Part-Time/Full-Time Wage Differentials in Australia
By Alison L. Booth and Margi Wood
-
Job Satisfaction and Family Happiness: The Part-Time Work Puzzle
By Alison L. Booth and Jan C. Van Ours