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Gender Bias in Promotions: Evidence from Financial Institutions
Resource type
Authors/contributors
- Huang, Ruidi (Author)
- Mayer, Erik J (Author)
- Miller, Darius P (Author)
Title
Gender Bias in Promotions: Evidence from Financial Institutions
Abstract
We test for gender bias in promotions at financial institutions using two central predictions of Becker’s (1957, 1993) model: firms with bias will (1) raise the promotion bar for marginally promoted female workers, and (2) incur costs from forgoing efficient employment practices. We find support for both of these predictions using a new nationwide panel of mortgage loan officers and their managers encompassing approximately 72,000 workers from over 1,000 shadow banks from 2014 to 2019. Overall, our findings provide evidence that gender bias is an important factor in gender gaps at financial institutions.
Publication
The Review of Financial Studies
Volume
37
Issue
5
Pages
1685-1728
Date
2024-05-01
Journal Abbr
The Review of Financial Studies
ISSN
0893-9454
Short Title
Gender Bias in Promotions
Accessed
5/1/24, 10:15 AM
Library Catalog
Silverchair
Citation
Huang, R., Mayer, E. J., & Miller, D. P. (2024). Gender Bias in Promotions: Evidence from Financial Institutions. The Review of Financial Studies, 37, 1685–1728.
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