Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203471
Authors: 
Cici, Gjergji
Hendriock, Mario
Jaspersen, Stefan
Kempf, Alexander
Year of Publication: 
2019
Series/Report no.: 
CFR Working Paper 19-03
Abstract: 
Sexual harassment, a widespread problem in the workplace, arguably keeps female employees from optimally employing their human capital. We show that removing or diminishing this friction improves productivity. Specifically, using the male-dominated fund industry as our testing ground, we show that productivity of female mutual fund managers significantly increased after the Harvey Weinstein scandal and the onset of the #MeToo movement. Evidence from lawsuits and organizational changes at several fund companies also suggests that reducing the threat of sexual harassment improves productivity. Our results have important implications for the policy debate on workforce diversity and costs of sexual harassment.
Subjects: 
sexual harassment
mutual fund performance
gender discrimination
organizational frictions
human capital
JEL: 
G23
J21
J71
M50
Document Type: 
Working Paper
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