Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/106593 
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers No. 8650
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Based upon unique survey data collected using respondent driven sampling methods, we investigate whether there is a gender pay gap among social entrepreneurs in the UK. We find that women as social entrepreneurs earn 29% less than their male colleagues, above the average UK gender pay gap of 19%. We estimate the adjusted pay gap to be about 23% after controlling for a range of demographic, human capital and job characteristics, as well as personal preferences and values. These differences are hard to explain by discrimination since these CEOs set their own pay. Income may not be the only aim in an entrepreneurial career, so we also look at job satisfaction to proxy for non-monetary returns. We find female social entrepreneurs to be more satisfied with their job as a CEO of a social enterprise than their male counterparts. This result holds even when we control for the salary generated through the social enterprise. Our results extend research in labour economics on the gender pay gap as well as entrepreneurship research on women's entrepreneurship to the novel context of social enterprise. It provides the first evidence for a "contented female social entrepreneur" paradox.
Subjects: 
social entrepreneur
gender pay gap
social enterprise
earnings
job satisfaction
JEL: 
J28
J31
J71
L32
Document Type: 
Working Paper

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