Conference on Diversity & Inclusion in Economics, Finance, & Central Banking: Session III

TL;DR

Research shows pay transparency initiatives reduce gender pay gap in UK universities, with implications for bargaining and reputation effects.

Transcript

welcome everybody welcome to session number three on the effect of policies on wage gap we have only a presenter in this session this is salmudena sevilla from the ucl and she's going to present a paper entitled pay transparency initiative and gender pay up and show us an evidence for the uk universities as with the previous papers sarmudena will h... Read More

Key Insights

• 🎓 Pay transparency initiatives reduce gender pay gaps in UK universities through bargaining and reputational effects.
• 🕵️‍♀️ Persistent gender pay gaps exist despite advancements in female labor force participation and education.
• ⚧️ Policy interventions like pay transparency complement existing initiatives to address gender disparities in academia.

Questions & Answers

Q: How do pay transparency initiatives impact the reduction of the gender pay gap in UK universities?

Pay transparency initiatives resulted in a significant reduction in the gender pay gap in research-intensive universities in the UK, attributed to bargaining and reputational effects.

Q: What are the potential channels through which pay transparency initiatives affect the gender pay gap?

Pay transparency initiatives can lead to bargaining effects where women negotiate for higher salaries and promotions, as well as reputational effects where universities strive to avoid negative perceptions post-disclosure.

Q: How do policy initiatives like pay transparency compare with other interventions in addressing gender pay disparities in the academic sector?

Pay transparency initiatives complement existing programs like mentoring, positive action programs, and gender-neutral clock stopping policies, providing a new dimension to address gender pay gaps in the academic sector.

Q: Do universities with larger gender pay gaps face challenges in recruitment or retention of female employees?

While evidence is limited, universities with larger gender pay gaps may experience difficulties recruiting and retaining female employees, especially when faced with reputation concerns and potential talent misallocation.

Summary & Key Takeaways

• Pay transparency initiatives in UK universities reduce the gender pay gap significantly.

• The two explored channels are bargaining effects for higher salaries/promotions and reputational effects for universities.

• Research intensive universities in the UK show a persistent gender pay gap despite progress in female labor force participation and education.