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    Hedged out : the reproduction of elite structures in finance

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    NEELY-DISSERTATION-2017.pdf (1.486Mb)
    Date
    2017-05-05
    Author
    Neely, Megan Tobias
    0000-0001-5866-8255
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    Abstract
    This dissertation is a study of how and why the “1 percent” remains a bastion of male domination. My focus is the hedge fund industry, a case study of the top earners. Women and minority men are drastically underrepresented in this industry, which is consistent with other high-paying professions. For this research, I conducted in-depth interviews with 45 hedge fund workers and field observations at over 30 workplaces and industry events over a 4-year period in Texas and New York. I find that gender and race, as systems of inequality, allow for the concentration of economic resources among financial elites in this industry. An ideology of masculinity legitimizes and organizes relationships among elite white men that largely restrict women and minority men from accessing the benefits of working in a highly lucrative industry. This helps to explain how the “old boys’ club” that dominates the upper echelons of finance becomes established and persists over time. My research demonstrates how the rising income and wealth gap is directly tied to gender and race inequality
    Department
    Sociology
    Subject
    Gender
    Masculinity
    Inequality
    Work
    Organizations
    Finance
    Race and ethnicity
    Hedge fund industry
    Hedge fund workers
    Ideology of masculinity
    Elite white men
    Old boys club
    High-paying professions
    Income gap
    Wealth gap
    Gender inequality
    Race inequality
    URI
    https://hdl.handle.net/2152/75705
    http://dx.doi.org/10.26153/tsw/2808
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    • facebook
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    • youtube
    • CONTACT US
    • MAPS & DIRECTIONS
    • JOB OPPORTUNITIES
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    • Emergency Information
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    • Web Accessibility Policy
    • Web Privacy Policy
    • Adobe Reader
    Subscribe to our NewsletterGive to the Libraries

    © The University of Texas at Austin