TY - JOUR
T1 - When Harry Fired Sally
T2 - The Double Standard in Punishing Misconduct
AU - Egan, Mark
AU - Matvos, Gregor
AU - Seru, Amit
N1 - Publisher Copyright:
© 2022 The University of Chicago. All rights reserved. Published by The University of Chicago Press.
PY - 2022/5
Y1 - 2022/5
N2 - We examine gender differences in misconduct punishment in the financial advisory industry. There is a “gender punishment gap”: following an incident of misconduct, female advisers are 20% more likely to lose their jobs and 30% less likely to find new jobs, relative to male advisers. The gender punishment gap is not driven by gender differences in occupation, productivity, nature of misconduct, or recidivism. The gap in hiring and firing dissipates at firms with a greater percentage of female managers and executives. We also explore the differential treatment of ethnic minority men and find similar patterns of “in-group” tolerance.
AB - We examine gender differences in misconduct punishment in the financial advisory industry. There is a “gender punishment gap”: following an incident of misconduct, female advisers are 20% more likely to lose their jobs and 30% less likely to find new jobs, relative to male advisers. The gender punishment gap is not driven by gender differences in occupation, productivity, nature of misconduct, or recidivism. The gap in hiring and firing dissipates at firms with a greater percentage of female managers and executives. We also explore the differential treatment of ethnic minority men and find similar patterns of “in-group” tolerance.
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U2 - 10.1086/718964
DO - 10.1086/718964
M3 - Article
AN - SCOPUS:85127633023
SN - 0022-3808
VL - 130
SP - 1184
EP - 1248
JO - Journal of Political Economy
JF - Journal of Political Economy
IS - 5
ER -
