Do Men and Women Both Enjoy a Wage Premium for Working in Finance?
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Over the last three decades, compensation in financial sector jobs has grown dramatically. However, do men and women who work in finance earn a wage premium? That is, do they earn more than their counterparts working in nonfinance jobs? And do wage premiums vary by gender and parental status? The authors, PRC faculty research associate Ken-Hou Lin and sociology PhD candidate Megan Tobias Neely, find that women earn a greater wage premium than men in low-wage financial jobs but that almost all of the increase in compensation in high finance has been captured by men, particularly fathers.