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The Gender Wage Gap in Top Corporate Jobs is Still There

43 Pages Posted: 25 Jun 2007  

Christine Zulehner

University of Vienna - Faculty of Business, Economics, and Statistics; Austrian Institute of Economic Research (WIFO); Centre for Economic Policy Research (CEPR); Goethe University Frankfurt - Research Center SAFE

B. Burcin Yurtoglu

WHU - Otto Beisheim School of Management

Date Written: June 2007

Abstract

We investigate the gender wage gap in top corporate jobs for 2000-2004. We find that female managers receive 24.0% less in total compensation than their male colleagues. When we control for personal, firm and industry characteristics, this difference reduces to 15.9%. Controlling for occupational segregation, i.e. "glass ceiling", reduces the difference to 6.0%. Additional results that fully consider the role of stock option indicate a 9.0 to 12.1% difference. These results suggest that the main sources of the gender wage gap are occupational segregation and a different endowment with stock options.

Keywords: Gender wage gap, managerial compensation

JEL Classification: J31, G3

Suggested Citation

Zulehner, Christine and Yurtoglu, B. Burcin, The Gender Wage Gap in Top Corporate Jobs is Still There (June 2007). Available at SSRN: https://ssrn.com/abstract=996224 or http://dx.doi.org/10.2139/ssrn.996224

Christine Zulehner

University of Vienna - Faculty of Business, Economics, and Statistics ( email )

Oskar-Morgenstern-Platz 1
Wien, 1090
Austria

HOME PAGE: http://homepage.univie.ac.at/christine.zulehner

Austrian Institute of Economic Research (WIFO) ( email )

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

Centre for Economic Policy Research (CEPR) ( email )

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

Goethe University Frankfurt - Research Center SAFE ( email )

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

B. Burcin Yurtoglu (Contact Author)

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/

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