Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/238241 
Autor:innen: 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Working Papers in Economics and Statistics No. 2020-17
Verlag: 
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon), Innsbruck
Zusammenfassung: 
We consider the labour market for financial advisers in the US using a matched employer-employee data set over the period 2008-2018, in order to examine gender gaps and racial disparities in labour market penalties for financial misconduct. We first show that the measurement of labour market penalties for financial misconduct plays a central role and the interdependence across misconduct-categories (e.g. customer disputes, regulatory actions, terminations) is gender- and racespecific. Accounting for this, we find that there are little gender gaps in job separation following misconduct and in the incidence of employer-initiated terminations conditional on misconduct-related events. In contrast, we find that racial minorities are at least 20% more likely to leave a firm following customer disputes or regulatory actions compared to their majority counterparts, and also that the racial minorities are 25% more likely to receive terminations. This remains true even after controlling for their education.
Schlagwörter: 
Financial Advisers
Misconduct
Gender Gap
Racial Inequality
Discrimination
JEL: 
G24
J44
J71
L22
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
8.7 MB





Publikationen in EconStor sind urheberrechtlich geschützt.