Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260843 
Year of Publication: 
2022
Series/Report no.: 
CESifo Working Paper No. 9713
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Many societies report an increasingly divergent development of managers’ salaries compared to that of their workforce. Moreover, there is often a lack in diversity amongst managerial boards. We investigate the role of managers’ gender and incentive scheme on wages chosen for workers by conducting two experimental studies. The data reveal male managers respond in more self-oriented ways to their incentive scheme. Further, we find that experience with the workers’ task can increase appreciation of workers. Effects are strongest when the managers’ compensation scheme rules out self-orientation. Overall, female managers display more consistency in choosing adequate wages for workers, i.e. their choices are less affected by incentives. An increase in diversity may thus help reducing salary disparities and foster work atmosphere.
Subjects: 
adequate wages
real work experiment
gender
JEL: 
D01
J16
Document Type: 
Working Paper
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