It's been well-documented that one factor that explains the "gender-pay gap" is the existence of a "gender-hours gap." According to the BLS, men worked on average about five more hours per week in 2009 (40.2 hours) than women on average (35.3 hours), and that "gender-hours gap" has persisted over time.
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It’s International Women’s Day, which makes today a good day to examine why America just can’t seem to pay women as much as men.
Editor's Note: The following post comes to us from Philipp Geiler of the Department of Finance at EMLYON Business School and Luc Renneboog, Professor of Corporate Finance at Tilburg University.
In our recent ECGI work