This is a recurring event: View all events in the series “Research Seminar in Economics”
The Research Seminar in Economics is a platform for invited speakers to present their current research, thereby facilitating the exchange between speakers and faculty members of the City University of London.
It covers empirical as well as theoretical contributions across all fields of economics. The Research Seminar in Economics is usually held weekly during the academic term.
This event is open to Department of Economics faculty and postgraduate students. Please contact doruk.cetemen@city.ac.uk or nicolas.Navarrete-Hernandez@city.ac.uk for any enquiries.
Speaker
Paola Sapienza (Kellogg School of Management at Northwestern University)
- Donald C. Clark/HSBC Chair in Consumer Finance
- Professor of Finance
Abstract
We study whether taste for competition (as measured by Niederle and Vesterlund, 2007) affects MBA compensations and the gender wage gap at graduation and seven years later.
At graduation, female MBAs earn $21K (12%) less than their male colleagues. MBAs with a taste for competition earn $15K (9.3%) more. Both these differences are entirely concentrated in the bonus component.
Only $2K (9%) of the gender pay gap at graduation is explained by gender differences in taste for competition. Seven years after graduation, the gender gap in compensation increases to 38%, but taste for competition becomes uncorrelated with compensation.
We explore when and why taste for competition might matter for compensation.
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