When Harry Fired Sally: The Double Standard in Punishing Misconduct

• 成果类型: Article; Early Access
• 署名作者: Egan, Mark; Matvos, Gregor; Seru, Amit
• 署名单位: Harvard University; Northwestern University; Stanford University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/718964
• 发表日期: 2022
• 关键词: gender-gap; racial bias; DISCRIMINATION; crime; ECONOMICS; selection; women; FRAUD; PROPOSALS; variables

摘要

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.