Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership
American Economic Review: Papers & Proceedings, Forthcoming
11 Pages Posted: 16 Nov 2010 Last revised: 28 Jan 2011
Date Written: January 17, 2011
This paper examines the role of women helping women in corporate America. Using a merged panel of directors and executives for large U.S. corporations between 1997 and 2009, we find a positive association between the female share of the board of directors in the previous year and the female share among current top executives. The relationship’s timing suggests that causality runs from boards to managers and not the reverse. This pattern of women helping women at the highest levels of firm leadership highlights the continued importance of a demand-side “glass ceiling” in explaining the slow progress of women in business.
JEL Classification: G34, M51, J16, J71
Suggested Citation: Suggested Citation