There is news for those who still think of gender-based wage discrimination at the workplace as a relic of the post-war decades — new research shows that female managers still receive a fraction of their male counterparts’ pay. Researchers Philipp Geiler and Luc Renneboog pored over wage data for all the listed firms in the UK from 1996 to 2007 and found that female executive directors — but not the CEOs — are discriminated against when it comes to basic pay, incentives and total compensation. This amounts to a 15% lower salary and 20% lower bonus when compared with the industry standard for men. Equity-based pay also takes the biggest hit. The researchers say women employees end up making about £269,000 less a year thanks to this disparity.

 

Title: Are Female Top Managers Really Pais Less?

Source: Social Science Research Network