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Using a cross-country setting, we document differences in the relation between earnings quality and the two components of trading volume around earnings announcements, one related to differential interpretation of the earnings signal and the other related to pre-event differential information precision. We find that in countries with stronger investor protection, less corrupt governments, and more liquid stock markets, a noisier earnings signal increases differential interpretation of the earnings signal but decreases investors' incentive for information acquisition before earnings announcements, leading to lower pre-event differential information precision. However, these trading patterns flip in countries with weaker investor protection, more corrupt governments, and less liquid stock markets. We also find that institutional investors in countries with stronger institutions are likely to benefit more from their superior information processing skills, leading to more information acquisition both at and before earnings announcements. Overall, our study adds to the literature by documenting significant cross-country variations in investors' trading volume reactions to earnings quality. [ABSTRACT FROM AUTHOR]

In this paper, we investigate the relationship between local wages and the internal structure of the regional knowledge base. The purpose is to assess if the workers' compensations are related to the peculiarities of the knowledge base of the regions in which they supply their labor services. The test of this hypothesis is based on the assessment of the impact of related vis-à-vis unrelated knowledge variety on cross-regional wage differentials. The empirical analysis is carried out by exploiting patent data and a unique employer–employee administrative dataset. First, using OECD-PATREG data on patent filing, we build information entropy indexes proxying the variety of NUTS 3 regions' knowledge bases, and the decomposition in the related and unrelated component. Second, we assess the impact of these indexes on wages based on administrative data from the Italian National Institute of Social Security. Our results suggest that workers employed in regions with a heterogenous knowledge structure earn positive wage premia, while related variety has a negative effect on compensation levels. [ABSTRACT FROM AUTHOR]

High-pay, high-status jobs are competitive and male-dominated and typically demand long work hours. The authors study the role of competition in producing the latter two outcomes using two field experiments. In the first, they find that paying tournament prizes for performance induces both men and women to work longer, but that men respond more than women to the high-prize tournament. In the second, men are more likely than women to choose tournament-based compensation over a wage rate for larger prizes. These results demonstrate that high-stakes workplace competition can fuel gender inequality both directly, because men are more likely to enter and win tournaments, and indirectly, by raising work hours, which hurts women who face greater time demands in household production. [ABSTRACT FROM AUTHOR]

Although allocating resources (e.g., pay) between different job groups is a critical strategic decision, relevant research is limited. Focusing on the form of pay allocation across job groups, we consider the organizational consequences of between-group pay dispersion (BGPD). Building on the multiple social comparison literature, we propose that employees construe both large and small BGPD as fair when it is aligned with the size of explained within-group pay dispersion (WGPD). We also propose that the interaction effect of BGPD and WGPD on the distributive justice climate be extended to organizational performance via intergroup helping and employee stability (voluntary turnover rates). We present supportive evidence of the hypotheses using two multiwave studies (Study 1: 205 retail stores located in China and comprising 4,234 employees, 1,899 group leaders, and 303 senior managers, featuring objective pay data; Study 2: 123 bank branches of a large state-owned bank in China) and a supplementary qualitative study. [ABSTRACT FROM AUTHOR]

Using a sample of recently graduated college students from South Korea, we estimate the effects of the between-majors and within-major gender wage gap. We use a recentered influence function to decompose the wage differential between majors and find that women face a higher rate of return to the field of study. In addition, women tend to select their program of study with the intention of optimizing their earnings potential relative to men. In calculating the within-major gender wage gap, we control for selectivity into a field of study extending the current methodology to a multinomial logit setting. We test our model using a sample of new graduates from South Korea. We consider six college majors. The within-major wage differential ranged from 8.2% for natural science graduates to 17% for social science graduates. After selection is accounted for, the gender wage gap becomes smaller in humanities graduates but increases in natural science and medicine graduates. Decomposing the selection correction term into explained and unexplained factors eliminates discrimination in medicine and points to reverse discrimination in natural science. [ABSTRACT FROM AUTHOR]

Rapid expansion of precarious employment carries risks of exacerbating the gender wage gap in China. This article finds an inverse relationship between flexibility and security in the labor market, disproportionately affecting women workers. Drawing from the Marxist-feminist theory of social reproduction, the study conceptualizes China’s social reproduction regime as developmentalist, characterized by ongoing tension between economic development and social reproduction. Promoting precarious work, which reflects the operational logic of the developmentalist social reproduction regime, is essentially transferring social reproduction cost from capital to labor. This cost is predominantly shouldered by precarious workers, particularly women, resulting in a widened gender wage gap. Using the China Labor-force Dynamic Survey, the study finds empirical support for the theorization that the gender wage gap among precarious workers is significantly larger than among non-precarious workers. The article proposes policies addressing the gap by shifting the cost of social reproduction from labor back to capital.HIGHLIGHTSGender wage gap is wider among precarious workers in China.Marxist-feminist theories help us to better understand GWG in precarious work.Women in precarious work face income loss risks and heavier domestic responsibilities.Developmentalist social reproduction regime seeks to balance growth and reproduction.The cost of social reproduction should be shifted back to capital.Gender wage gap is wider among precarious workers in China.Marxist-feminist theories help us to better understand GWG in precarious work.Women in precarious work face income loss risks and heavier domestic responsibilities.Developmentalist social reproduction regime seeks to balance growth and reproduction.The cost of social reproduction should be shifted back to capital. [ABSTRACT FROM AUTHOR]

The 2009 and 2012 earthquakes in Italy occurred in a close-knit region and time horizon but differed substantially on both the initial shock to the stock and the subsequent flow of resources. This paper considers the short run impact on the dynamic response of labor market outcomes. Both earthquakes lowered employment and labor force participation by more than 0.5%. With its negative effect on the resources available, the 2009 shock led to a drop in real wages of 1.3% and a sharp—but short-lived—widening of the wage gap generated by the skill premium. The 2012 earthquake, which led firms to upgrade their technology, increased wages by 2.2% and led to a more balanced—but persistent—widening of the wage gap. The predictions of a model developed in this paper are consistent with these results. [ABSTRACT FROM AUTHOR]

This paper studies the relationship between global value chain (GVC) participation, worker‐level routine task intensity (RTI) and wage inequality within countries. Using survey data from 34 countries and instrumenting for GVC participation, we find that higher GVC participation contributes to higher wage inequality in high‐income countries and lower wage inequality in middle‐ and low‐income countries. We distinguish between two opposite‐working channels. First, participation in GVCs directly reduces wage inequality, suppressing wages in offshorable occupations that tend to earn above the country‐specific median, and increasing wages of non‐offshorable occupations. Second, it indirectly widens within‐country wage inequality by increasing the gap in RTI, which is negatively associated with wages, between offshorable and non‐offshorable occupations. The direct effect prevails in most low‐ and middle‐income countries that receive offshored jobs, and the indirect effect prevails in high‐income countries that offshore jobs. [ABSTRACT FROM AUTHOR]

This paper aims to evaluate how changing patterns of sectoral gender segregation play a role in accounting for women's employment contracts and wages in the UK between 2005 and 2020. We then study wage differentials in gender-specific dominated sectors. We found that the propensity of women to be distributed differently across sectors is a major factor contributing to explaining the differences in wages and contract opportunities. Hence, the disproportion of women in female-dominated sectors implies contractual features and lower wages typical of that sector, on average, for all workers. This difference is primarily explained by "persistent discriminatory constraints", while human capital-related characteristics play a minor role. However, wage differentials would shrink if workers had the same potential and residual wages as men in male-dominated sectors. Moreover, this does not happen at the top of the wage distribution, where wage differentials among women working in female-dominated sectors are always more pronounced than those among men. [ABSTRACT FROM AUTHOR]

Wage inequality between workers with different levels of educational attainment has been shown to increase over the life course. In this study, we investigate to what extent this growth is explained by temporary employment. Using linked employer-employee register data from the Netherlands, we follow the labour market careers of workers born in 1979. We decompose the impact of temporary employment on the change in the wage gap over the life course into two distinct components: (i) changes in group-specific temporary employment rates (risk) and (ii) changes in group-specific effects of temporary employment on wages (vulnerability). In line with previous research, we find a marked growth of the educational wage gap over the life course in the Netherlands. While group differences in temporary employment risk changed throughout the observation period to the detriment of less-educated workers, group differences in vulnerability to temporary employment diverged specifically during the early life course. Overall, temporary employment explains around 9 per cent of the change in the wage gap between workers with different levels of educational attainment by the age of 38 relative to age 28. [ABSTRACT FROM AUTHOR]

We examine the plausibility of using prejudice-based discrimination to explain the wage differences among young men and women in eleven European countries. Utilizing a sample of over 20,000 individuals and estimating a series of country-specific regression models that adjust for ability and selection bias, we find evidence that leads to a good possibility of prejudice-based discrimination in Greece, Italy, Spain, Czechia, Hungary, and the UK. In the UK, this possibility of discrimination is mitigated to an extent by gender differences in credentials. In Austria, Germany, Denmark, and Switzerland, we find no evidence for prejudice-based discrimination. Oaxaca decompositions reveal that if women's own human capital characteristics were rewarded at the same level as men's in the former (six) countries, they would expect a wage gain. [ABSTRACT FROM AUTHOR]

This paper investigates the changes of gender wage gap in urban and rural areas and examines the effect of wage structure and unobserved characteristics on the gap by using the Chinese Household Income Project (CHIP) survey in 2013 and 2018. We document a significant increase of the gender wage gap in both areas as well as among rural‐to‐urban migrants. By applying Katz and Murphy's supply‐demand framework, we find that the demand has shifted toward younger, more educated workers, and the demand for male workers is higher than that for female workers during the time. The Blinder–Oaxaca decomposition of gender wage gap suggests that factors, such as occupation, parenthood status, and industry, have contributed to the expansion of wage gap. Furthermore, the Juhn–Murphy–Pierce decomposition of the change in gender wage gap implies that the expansion is owing to rising discrimination against females and gender‐specific factors such as observed and unobserved characteristics that have performed unfavorably for females. [ABSTRACT FROM AUTHOR]

In this note we study how the share of workers in a corporation located in a high gender wage gap country impacts the wage gap in their home country operations. Our findings support the hypothesis that firms with strong intra-firm linkages to a high gender wage gap country also display a relatively large gender wage gap at home. [ABSTRACT FROM AUTHOR]

The document "Income Distribution, Inequality and Poverty: Evidence, Explanations and Policies" published in the journal "Economies" explores the challenges of income inequality and poverty globally. It discusses various factors contributing to these issues, such as energy crises, government policies, and global events like the Great Recession and the COVID-19 pandemic. The document presents 11 original articles that delve into specific regions and global perspectives, offering insights for policymakers and researchers seeking to address inequality. It also highlights the need for further research on climate change, technological advancements, health inequality, gender wage inequality, wealth distribution, and global migration to enhance understanding and develop effective policy solutions. [Extracted from the article]

This paper studies how the North American Free Trade Agreement (NAFTA) affected the wage gap between high and low-paid workers within Mexico, considering internal migration. In low-skilled, labor-abundant developing countries, trade liberalization should theoretically increase the wages of low-skilled workers, decreasing income inequality. However, anecdotal evidence indicates that NAFTA increased the gap between rich and poor in Mexico, and empirical evidence is mixed (Hirte et al. 2020; Brülhart 2011; Bosch and Manacorda 2010; Nicita 2009; Chiquiar 2008; Hanson 2007; Gonzalez-Rivas 2007). Because trade may affect wages differently across regions within the country, accurate measures of wage effects must incorporate internal migration; otherwise, apparent wage convergence or divergence might only reflect a geographic resorting of workers. We evaluate wage changes by considering rural-to-urban migration. We first find a slight decrease in both internal and external migration in the years after NAFTA. Then, we find that all male workers see a wage reduction from trade openness, although the harm of high-wage workers almost doubled that of their counterparts with low wages. NAFTA also mitigated some of the wage differentials between the North and South. In summary, trade liberalization has reduced wage differentials among working-age men in urban areas. [ABSTRACT FROM AUTHOR]

In this paper, we study the asymmetric effects of different types of capital-embodied technological change, as proxied by tangible and intangible assets, on relative wages (high- to medium-skilled, high- to low-skilled and medium- to low-skilled workers), relying upon the technology-skill complementarity and polarization of the labor force frameworks. We also consider two additional major channels that contribute to shaping wage differentials: globalization (in terms of trade openness and global value chains participation) and labor market institutions. The empirical analysis is carried out using a panel dataset comprising 17 mostly advanced European economies and 5 industries, with annual observations spanning the period 2008–2017. Our findings suggest that software and databases—as a proxy for intangible technologies—exert downward pressure on low-skilled wages, while robotics is associated with a polarization of the wage distribution at the expense of middle-skilled labor. Additionally, less-skilled workers' relative wages are negatively affected by trade openness and global value chain participation, but positively influenced by sector-specific labor market regulations. [ABSTRACT FROM AUTHOR]

The wage effects of immigration have been widely studied, yet much of the research has focused on competitive threats to low-skilled native-born men. In contrast, this paper applies a gender lens to explore possible complementary relationships between immigration-induced outsourcing of domestic work and the earnings of native-born women, while recognizing the classed and racialized nature of domestic labor. Empirically, this article examines subgroup variations in earnings among full-time employed native-born women by education and race/ethnicity in relation to the state share of immigrants in the domestic service sector. The analysis combines data from the 2012 American Community Survey with state-level work-family policy data collected for 2010, accounting for compositional differences and selection into the labor force. Likely due to increased availability of affordable domestic services, the results show a higher immigrant share is associated with greater earnings for native-born women overall. However, education and race/ethnicity moderate this association, indicating that highly educated non-Hispanic white women benefit more than other women because the labor process and outsourcing of household production are classed and racialized. Hence, states with a higher share of immigrants filling domestic services exhibit wage dispersion patterns that reinforce intersectional inequality among native-born women. [ABSTRACT FROM AUTHOR]

Work from home (WFH) arrangements may provide an opportunity to reduce gender gaps in labor market outcomes by reducing the gender differences in the willingness to commute. Using a stated-preference experiment among German employees, we estimate workers' valuation of working from home and its impact on willingness-to-pay to avoid commuting by gender after the end of the COVID pandemic. We show that workers are willing to give up 7.7% of their earnings for full WFH and 5.4% for 2-day WFH on average. The willingness-to-pay for WFH steeply increases with commuting distance, in line with WFH reducing the need for long commutes for many workers. Importantly, we find that WFH reduces, but does not close, the gender gap in willingness-to-pay to avoid commuting. This result is unaffected by accounting for underage children in the household. This suggests that hopes of technology closing the gender wage gap are premature. [ABSTRACT FROM AUTHOR]

We address the issue of persistent uneven development from a Marxist perspective. First, we show the conceptual problems in applying the unmodified law of value to the international setting. Second, we propose a generalization of the global law of value by introducing an additional level of abstraction into the global valorization process—national abstract labor. Third, we examine broad cases of internationalization caused by deviations in productivity differences across industries from the average productivity differences across countries. We discover an endogenous national and international dynamic push toward specialization that perpetuates uneven development. The benefits of such specialization are skewed in favor of more developed countries, and the potential for technological improvement created by the global division of labor blocks technological progress in less developed countries. JEL Classification : B14, F00, F63, O14 [ABSTRACT FROM AUTHOR]

Despite efforts to close the gender wage gap in the US, research shows that progress has stalled over the past two decades. Factors contributing to this gap include implicit gender bias, disproportionate caregiving responsibilities, and a lack of strong policies. Minority women are disproportionately affected by this gap, and the "motherhood penalty" and "fatherhood premium" also exacerbate the problem in gendered workplaces. Addressing implicit bias and stereotypes at the organizational level, along with implementing more equitable family, compensation, and caregiver-friendly policies, is crucial. Training programs that identify and address implicit bias can lead to fairer compensation and promotion practices. Policylevel changes such as banning salary history and revising paid-leave policies are also essential. Human resource professionals play a key role in creating a supportive organizational culture and addressing implicit bias. Comprehensive strategies are needed to address the gender wage gap, including policies supporting paid leave, salary transparency, and reassessment of minimum wage policies. Overall, a combination of policy changes and organizational efforts is needed to mitigate the complex factors contributing to the gender wage gap in the US. Pay equity is not only important for women's economic security but also for the broader economy's growth and sustainability. [ABSTRACT FROM AUTHOR]

The article discusses the principle of equal pay for men and women in Germany, highlighting the gender pay gap and legislative efforts to address it. A case involving a former mayor seeking equal pay under the German General Equal Treatment Act is examined, with a focus on burden of proof and discrimination. The article also references the Pay Transparency Act and recent rulings by the German Federal Labour Court, emphasizing the importance of enforcing equal pay laws in alignment with EU directives. The European Pay Transparency Directive is mentioned as a further step towards gender equality in pay across Europe. [Extracted from the article]

In this paper, we estimate and decompose the public–private wage differentials for urban areas, using the 2012 Tunisia urban youth survey. Oaxaca decomposition results suggest that, on average, public sector workers earn more than their private counterparts. Additionally, the results indicate that a substantial part of the conditional gap in urban areas can be attributed to observed characteristics. Human capital, particularly education, are the main reason behind the observed log‐wage advantages. Using unconditional quantile decomposition, our findings reveal that, for urban areas, the discrimination effect becomes more pronounced at the upper quantiles of the wage distribution. Separate analyses by gender and educational levels show that male workers across both sectors receive higher compensation than their female counterparts, with a more pronounced gender gap in private sector. Less educated workers are compensated much more in the public sector than in the private sector, while the wage differential for skilled workers decreases rapidly through the distribution. [ABSTRACT FROM AUTHOR]

I investigate the role of hierarchy in explaining wage differential between Canadian large and small firms. I use the confidential‐use files of the Labour Force Survey (LFS) from 2016 to 2022 and exploit the mini‐panels form to control for time‐invariant unobserved heterogeneity. The results show that the Canadian employer size wage effects for managers are approximately twice those for non‐managers which is consistent with the results of prior studies for other countries. Managers who move from a small to a large firm have earnings increase of 20%, twice the estimated size‐wage differential of non‐managers (11%). The results also demonstrate that low‐skill workers moving from a small to a large firm have earnings increase of 5.3% which is significantly lower than high‐skill workers (14.1%). Those results support the role of the hierarchy in explaining an important part of the size‐wage effect for Canadian workers. [ABSTRACT FROM AUTHOR]

This study investigates the nuanced influence of Foreign Direct Investments (FDIs) on wage dynamics among Croatian workers, specifically examining the differential effects on male and female salaried employees. The authors employed statistical indicators and regression analysis, utilizing data from reputable sources, such as UNCTAD and the World Bank, to assess the dependency of wages on FDIs at time periods n and n − 1. By focusing on these temporal dynamics, the study aims to capture potential changes in the relationship between wages and FDIs, aligning with the total quality management (TQM) principle of systematic analysis. The findings highlighted the differential impact of FDIs on wage evolution for male and female workers, underscoring the importance of integrating gender-sensitive strategies within quality management frameworks. [ABSTRACT FROM AUTHOR]

This paper examines the effects of low-skilled immigration inflows on the motherhood gaps in wages among high-skilled women. Applying IV methods to U.S. census and ACS data, this paper first confirms previous findings in the literature that mothers are less willing to increase their work hours than childless women with inflows of low-skilled immigrants. However, the main contribution of the paper is showing that as the low-skilled labor supply increases, high-skilled mothers achieve more wage improvement than otherwise identical nonmothers. The findings in this paper imply that an increase in the low-skilled labor supply reduces the gender pay gap among high-skilled native workers, and most importantly, it is driven by women with children. [ABSTRACT FROM AUTHOR]

In this paper, we investigate the effect of inter-country wage differentials on textile and garment (T&G) exports of Bangladesh and present an account of the important issue of why textile and garment exports are directed from developing countries to developed countries. Our empirical results imply that the wage differentials between developed and developing countries constitute one of the main drivers of T&G exports. In addition, we checked other factors such as the Multi-Fiber Arrangement (MFA) and the Generalized System of Preferences (GSP) by including dummy variables representing the MFA quota withdrawal and the GSP. We found that removal of the MFA had a significant negative effect, as expected. Our study confirms the positive correlation between GSP and exports. After phasing out the MFA and its quota system, the wage differentials not only boost the T&G exports from Bangladesh, but also increase the effectiveness of GSP. Given such findings, we discuss relevant policy implications. [ABSTRACT FROM AUTHOR]

Employing China Family Panel Studies (CFPS) survey data from 2014 to 2018, this paper studies the impact of the digital economy on the gender wage gap. Benchmark results suggest that the digital economy can significantly narrow the gender wage gap. The mechanism analysis shows that the digital economy bridges the gender wage gap by reducing family care burdens and improving the employment quality in favour of women. The heterogeneity analysis shows that the digital economy is conducive to narrowing the gender wage gap of the group with low and medium labour skills and the group with higher family burdens, suggesting the inclusiveness of the digital economy for disadvantaged women. These findings have important policy implications and provide evidence for improving women's economic condition and narrowing the gender wage gap. [ABSTRACT FROM AUTHOR]

Scholars have found that as the proportion of female workers in an occupation grows, wages generally decline. Yet, we know little about how this gender inequality intersects with other labor market inequalities. This study evaluates the feminization-wage relationship of an increasingly economically polarized post-2000 US labor market. First, I hypothesize that the negative effect of feminization on wages has diminished in high-skilled occupations due to the declining prejudice against (highly educated) women and increasing requirements for higher education, which functions as a form of social closure. Second, because of the increasing demand for "people skills" in higher-skilled occupations and their association with women, workers in higher-skilled occupations that require these skills may experience positive effects of feminization on wages. Not all people skills, however, are associated with women and similarly rewarded. Thus, I examine three people skills—persuasion, managerial, and sociability—that have different gender stereotypes. I test hypotheses using occupational-level fixed-effects models with individual-level data from the American Community Survey 2003–2019 (N  = 15,996,526) and time-varying occupational-level data from the Occupational Information Network 2003–2019 (N  = 460). Results show that for workers in occupations requiring more than sixteen years of education, feminization corresponds with higher wages. Additionally, the positive feminization-wage relationship is larger in occupations with a high demand for a gender-neutral people skill, persuasion. This moderation effect is not found for sociability and managerial skills, which are associated with women and men, respectively. This study calls for greater attention to how labor market polarization has shaped gender inequality. [ABSTRACT FROM AUTHOR]

Understanding disparities in the rates at which men and women's wages grow over the life course is critical to explaining the gender pay gap. Using panel data from 2009 to 2019 for the United Kingdom, we examine how differences in the rates and types of job mobility of men and women—with and without children—influence the evolution of wages. We contrast the rates and wage returns associated with different types of job moves, including moving employer for family reason, moving for wage or career-related reasons, and changing jobs but remaining with the same employer. We find important gender and parenthood differences in the types of mobility experience, with mothers most likely to switch employers for family-related reasons and least likely to move for wage or career reasons, or to change jobs with the same employer. While job changes with the same employer and career related employer changes had large positive wage returns, changing employers for family-related reasons was associated with significant wage losses. We show that differences in job mobility between mothers and other workers are largest for young employees (under 30), the period over which wages also grow most rapidly in response to career related external, or internal, job moves. These mobility differences play an important role in explaining the rapid growth in the motherhood wage gap in the years after birth. [ABSTRACT FROM AUTHOR]

Widening income inequality is a serious social concern in many countries. We examine the causal effect of a negative demand shock on executive compensation and worker wages using a quasi-natural experiment, considering Japanese firms that experienced a sudden and substantial export decline following the global financial crisis in the late 2000s. Worker wages tended to decline significantly more relative to executive compensation after the crisis in firms depending more on exports, causing a wider pay differential. We establish the robustness of our difference-in-difference results by considering selection into exporters, excluding sporadic exporters, and controlling for foreign ownership or liquidity. [ABSTRACT FROM AUTHOR]

Using the data from the Chinese Household Income Project Survey and the decomposition method, this study investigates the determinants of the wage gap between members and non-members of the Communist Party of China (CPC) from 2002–2018. There were three new findings. First, the endowment difference component (especially education) is the main contributing factor to the wage gap between CPC members and non-members in 2002, 2013, and 2018. Second, the discrimination against CPC non-members decreased, whereas that of human capital increased from 2002 to 2018. Third, the endowment difference in the wage gap is greater for workers in SOEs than for non-SOEs during 2002–2018. The results indicate that most political elites are well-educated, and a larger increase in human capital in CPC members widened the wage gap from 2002 to 2018; workplace discrimination against CPC non-members still exists even in the current period. [ABSTRACT FROM AUTHOR]

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The gender ask gap measures the extent to which women ask for lower salaries than comparable men. This article studies its role in generating wage inequality, using novel data from an online recruitment platform for full-time engineering jobs: Hired.com. To use the platform, job candidates must post an ask salary, stating how much they want to make in their next job. Firms then apply to candidates by offering them a bid salary, solely based on the candidate's résumé and ask salary. If the candidate is hired, a final salary is recorded. After adjusting for résumé characteristics, the ask gap is 2.9%, the bid gap is 2.2%, and the final offer gap is 1.4%. Further controlling for the ask salary explains the entirety of the residual gender gaps in bid and final salaries. To further provide evidence of the causal effect of the ask salary on the bid salary, I exploit an unanticipated change in how candidates were prompted to provide their ask. For some candidates in mid-2018, the answer box used to solicit the ask salary was changed from an empty field to an entry prefilled with the median bid salary for similar candidates. I find that this change drove the ask, bid, and final offer gaps to zero. In addition, women did not receive fewer bids or final offers than men did due to the change, suggesting they faced little penalty for demanding comparable wages. [ABSTRACT FROM AUTHOR]

This article traces trends of income inequality in Mexico City from 1770 to 1930 by measuring the gaps between urban real estate rents and unskilled wages. The article presents the first long‐term series of real estate values and rental income for Mexico. One series summarizes the price of an apartment in tenement housing (the prevalent type of popular housing in Mexico), while the other relies on newspaper ads, notarial records, and other sources to estimate property values and rental yield (rental revenue relative to property values). From these wage and rental income series, we calculate rental–wage ratios that are broadly representative of the income gaps between the wealthy and unskilled workers. We find that, at the end of the eighteenth century, inequality moderately increased, followed by a more egalitarian period in the first half of the nineteenth century, and a ballooning in the last quarter of the nineteenth century that persisted into 1930. While inequality receded after the insurrection in the 1810s, it remained high after the Mexican Revolution. We hypothesize that inequality was sensitive to economic growth, and that generalized violence did not universally temper inequality. [ABSTRACT FROM AUTHOR]

Litigation and courts have been important arbiters of labour policy reforms aimed at redressing Japan's growing social inequality. This article considers seven lawsuits brought by non-regular workers, who sought to use Article 20 of the 2012 Labour Contracts Act to gain equal pay for equal work. All seven cases reached Japan's Supreme Court amid Abe Shinzō's 2018 labour reforms. The Court's interpretations reaffirmed employer discretion in categorising employees as a reasonable principle, albeit one which limits the law's power to redress wage inequality. However, the Court also found the non-provision of various minor benefits to be unreasonable. These outcomes evince a pattern in which litigation marginally transforms reformed labour policy into institutional support for greater equality of compensation and benefits between workers of different statuses. More than advancing equal pay for equal work, the outcomes of these cases support recent government-industry campaigns to boost productivity by encouraging increased use of job-based treatment and diversifying Japan's employment system. [ABSTRACT FROM AUTHOR]

We study the role of formal and informal childcare within the ECEC policies for gender employment and pay gaps, considering the life course stages distinctive for childcare tasks. The ECEC policies are framed within the types of social investment strategies identified in the EU countries to picture developments in social investments after 2005. The aggregated EU‐SILC data from 2005 to 2019 for 27 European countries have been used in the panel regression models to uncover how the caring arrangements influence labour market gendered outcomes of women at different ages (15–24, 25–49, 50–65). We find that better provision and use of early education and childcare not only contribute to early investment in human capital but it also facilitates mothers' employment and thus contributes to lowering gender employment and pay gaps. However, better coverage of care for children older than 3 years old results in negative employment effects for grandmothers. These effects vary also across countries, depending on their overall institutional setting depicted by the types of social investment strategies distinguished. Consequently, the ECEC agenda should be extended by addressing the employment of women at the pre‐retirement age. It is crucial not only for reducing gender gap in employment and pay but also in the light of challenges generated by demographic developments—the labour force shrinking and the population ageing processes. [ABSTRACT FROM AUTHOR]

We examine whether pay differentials between the chief executive officer (CEO) and vice presidents (VPs) can be explained by firms' strategic priorities. We find that firms that pursue prospector-type strategies have a larger CEO−VP difference in equity compensation. We argue that such a pay differential relates to the relative authority that CEOs have in strategic decision-making, and we find that authority allocation based on a firm's strategic priorities is consistent with the relative ability of the CEO vis-à-vis the VPs. Our results remain consistent after considering alternative explanations including CEO power, risk-taking incentives, and tournament incentives among VPs. Further analyses reveal that a large CEO−VP equity pay differential enhances firm value for prospector-type firms, and that shareholders and proxy advisors tend to incorporate firm strategy in their say-on-pay votes and proxy recommendations. [ABSTRACT FROM AUTHOR]

Studies of wage inequality concentrate on private wages. Public sector wages are typically assumed to contribute to the overall wage equality. We challenge this understanding in an analysis of the relative skill premium in the public versus private sectors. The analysis of heterogeneity across gender and geography is based on rich register data for Norway. The raw data confirm the relative wage compression in the public sector. However, this is a male phenomenon and only prevalent in large cities when unobserved worker and firm characteristics are taken into account. With identification based on shifters between private and public sectors and movers between city-size groups, wage setting for female workers in the public sector increases wage inequality in all regions, particularly in the periphery. The result is consistent with policies promoting the recruitment of high-educated female workers and the expansion of public services in the periphery counterbalancing the desired equality effect of public wages. [ABSTRACT FROM AUTHOR]

This article reassesses the conventional wisdom that public-sector jobs have worse pay but better amenities than equivalent private-sector jobs, using data from 22 European countries and the USA. Earnings gaps are shown to be heterogeneous across countries—public sector work carries a premium in Europe but a penalty in the USA. However, whereas European public-sector workers report better job amenities—better job security and work–life balance—than their private-sector counterparts, there are no public–private amenity differentials for US workers. Public-sector work also has fewer pay-for-performance schemes. Finally, the public sector does not seem to ensure a fairer work environment, compared to the private sector, in terms of workplace discrimination and harassment. These stylized facts inform the external validity of extrapolating individual case studies to different contexts. [ABSTRACT FROM AUTHOR]

Purpose: Building on associative priming, anthropomorphism and biophilia theories, this study aims to explain that a natural–organic (that shows a natural object) and an anthropomorphised natural–organic logo (that shows an anthropomorphised natural object) both act as primes and imbue specific product value perceptions, which subsequently influence willingness to pay a premium price when products have not been used by or are unfamiliar to consumers. Design/methodology/approach: Two between-subjects experiments were conducted with different products (one with real, but unfamiliar to consumers brand and another with a fictitious brand). Structural equation modelling was used to test the hypotheses. Findings: Experimental studies showed that natural–organic logos evoked stronger utilitarian (functional and economic) value perceptions, which triggered greater willingness to pay a premium price compared to anthropomorphised natural–organic logos. The effect of hedonic (emotional and novelty) values on willingness to pay a premium price was stronger when an anthropomorphised natural–organic logo was used. Research limitations/implications: This research offers novel theoretical contributions highlighting the importance of careful logo design to imbue desired value perceptions when products have not been consumed or trialled. Practical implications: Anthropomorphised natural–organic and natural–organic logos can provide different benefits to brand managers and can be used strategically to form desired value perceptions before products are consumed. Brands that wish to enhance premium pricing via hedonic values should consider using an anthropomorphised natural–organic logo. Natural–organic logos may be more suitable for brands that want to emphasise superior utilitarian values. Originality/value: To the best of the authors' knowledge, this research provides the first empirical assessment of the differential effects of the two forms of natural–organic logos on value perceptions and willingness to pay premium price. [ABSTRACT FROM AUTHOR]

Motivated by calls to explore corporate outcomes of gender diversity‐related dependencies in a firm's upper echelons, we examine whether gender diversity in manager‐owner(s) teams shapes innovation. Using the context of emerging markets and a large surveydataset drawn from the Business Environment and Enterprise Performance Survey (BEEPS), we find robust evidence suggesting that gender‐diverse manager‐owner(s) teams are associated with higher odds of undertaking innovation. Specifically, women (men) owned firms managed by a male (female) top manager are associated with a higher likelihood of undertaking innovation relative to women (men) owned firms managed by women (men). Additionally, we find that female‐owned firms run by male (female) top managers are the most (least) innovative and male‐owned firms run by female (male) top managers are the second (third) innovative. Our findings indicate that heterophilic manager‐owner(s) teams have the potential to foster innovation in emerging markets. More importantly, our results suggest that initiatives promoting manager‐owner(s) team's gender diversity have the potential to overcome the social and structural barriers that impede innovation in emerging economies. [ABSTRACT FROM AUTHOR]

In this paper, we analyse Minskian dynamics in the US economy via an empirical application of Minsky's financing regime classifications to a panel of nonfinancial corporations. First, we map Minsky's definitions of hedge, speculative and Ponzi finance onto firm-level data to describe the evolution of Minskian regimes. We highlight striking growth in the share of Ponzi firms in the post-1970 US, concentrated among small corporations. This secular growth in the incidence of Ponzi firms is consistent with the possibility of a long wave of increasingly fragile finance in the US economy. Second, we explore the possibility of short-run Minskian dynamics at a business cycle frequency. Using linear probability models relating firms' probability of being Ponzi to the aggregate output gap, which captures short-term macroeconomic fluctuations exogenous to individual firms, we find that the relationship between aggregate downturns and the probability of being Ponzi is statistically significant, but very small (almost zero). This result is corroborated by quantile regressions using a continuous measure of financial fragility, the interest coverage ratio, which identify almost zero effects of short-term fluctuations on financial fragility across the interest coverage distribution. Together, these results speak to an important question in the theoretical literature on financial fragility regarding the duration of Minskian cycles, and lend support, in particular, to the contention that Minskian dynamics may take the form of long waves, but do not operate at business cycle frequencies. [ABSTRACT FROM AUTHOR]