Sticky Floors and Glass Ceilings in Top Corporate Jobs

30 Pages Posted: 11 Sep 2009  

B. Burcin Yurtoglu

WHU - Otto Beisheim School of Management

Christine Zulehner

Goethe University Frankfurt - Research Center SAFE; Austrian Institute of Economic Research (WIFO); Goethe University Frankfurt - Department of Management and Applied Microeconomics

Date Written: September 9, 2009

Abstract

Using data for the years 2001-2007 from the OSIRIS database on the total compensation for top executive officers of publicly listed US firms, the authors analyze the gender pay gaps across the distribution of total compensation. In the estimations, the authors control for individual and firm characteristics and find that the estimated pay gaps are larger at the bottom of the distribution than at the top of the distribution. The main determinant of this "sticky floor" effect is a manager's occupation pointing itself towards a "glass ceiling" effect.

Keywords: Gender pay gap, managerial compensation, quantile regressions

JEL Classification: J31, G3

Suggested Citation

Yurtoglu, B. Burcin and Zulehner, Christine, Sticky Floors and Glass Ceilings in Top Corporate Jobs (September 9, 2009). Available at SSRN: https://ssrn.com/abstract=1470860 or http://dx.doi.org/10.2139/ssrn.1470860

B. Burcin Yurtoglu

WHU - Otto Beisheim School of Management ( email )

Chair of Corporate Finance
Burgplatz 2
Vallendar, 56179
Germany
+49 261 6509-721 (Phone)
+49 261 6509-729 (Fax)

HOME PAGE: http://www.whu.edu/forschung/fakultaet/finance-group/corporate-finance/

Christine Zulehner (Contact Author)

Goethe University Frankfurt - Department of Management and Applied Microeconomics ( email )

Germany

Goethe University Frankfurt - Research Center SAFE ( email )

(http://www.safe-frankfurt.de)
Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

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