Ancestral Beliefs about Gender Roles and Women in Corporate Leadership
45 Pages Posted: 29 Oct 2018 Last revised: 10 Jun 2020
Date Written: June 9, 2020
In U.S. counties where more of the population or their ancestors immigrated from countries with more gender-egalitarian beliefs, firms are 20% more likely to have a female director, and almost twice as likely to have a female CEO. In such counties, female directors are also more likely to chair a board committee, sit on more boards, and have larger networks. Counties with more gender-egalitarian roots have both more women and lower gender-pay gaps in STEM occupations. Our findings show that ancestral beliefs about gender roles and immigration patterns impacted the prevalence of women in corporate leadership and STEM.
Keywords: gender gap; women executives; women board members
JEL Classification: G30, J16, J70, Z1
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