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Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 4771
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Based on a sample of 467 asset managers from four countries we robustly find that women manage smaller funds than men, despite tough competition in this industry. Interestingly, the gender gap exists only for managers of smaller funds, i.e. at the lower end of the hierarchy, as quantile regressions show. This is inconsistent with the glass ceiling hypothesis. Going further, this gender gap is limited to large firms. Explanations may refer to large firms using market power in the area of smaller funds or to visibility among top asset managers protecting against unequal treatment of the sexes.
Schlagwörter: 
Asset managers
gender
qualification
segregation
attitudes
JEL: 
J16
J44
G23
Dokumentart: 
Working Paper

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