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SUMMARY:Women in the Financial Sector - Maria-Teresa Marchica at ABMS
DTSTART:20210520T120000Z
DTEND:20210520T130000Z
UID:TALK150298@talks.cam.ac.uk
CONTACT:CERF/CF Admin
DESCRIPTION:Abstract:\nUsing administrative micro data from the U.K.\, we 
 examine the evolution and sources of the gender pay gap in finance. We sho
 w a persistently larger gender pay gap in finance over the last two decade
 s\, as compared to other sectors in the economy\, even after controlling f
 or firm and worker observable characteristics. Using workers who switch fi
 rms\, we find that the gender pay gap in finance is predominantly explaine
 d by high-skill male workers sorting into finance relative to other sector
 s. Firm-specific pay premiums explain a smaller part of the gender pay gap
  in finance. We also show that the U.K. 2017 reform\, that requires firms 
 to publicly disclose the firm average gender pay gap\, was successful into
  reducing the gender pay gap in the finance sector.\n\n
LOCATION:Online
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