Gender Pay Gap across Cultures
Finance & Accounting
|Speaker:||Laura Starks, University of Texas at Austin|
|Date: ||Wednesday 12 May 2021|
|Time: ||16:00 - 17:00|
|Location: ||Online via Zoom (link available from J.Lashkor@exeter.ac.uk)|
Using a cross-country sample, we examine whether cultural differences in gender attitudes relate to wage differentials across corporate executives. We find that societies with greater acceptance of corruption and intolerance, greater importance of religious beliefs, and more acceptance of violence toward women exhibit larger gender pay gaps. Conversely, societies that support women’s education and women in the workforce and that value hard work and individualism exhibit smaller gender pay gaps. We use a quasi-exogenous shock that reflects changes in cultural attitudes towards a woman’s role in the workforce and find that the gender gap decreases.