Search results

1 – 10 of 278
Article
Publication date: 27 May 2014

Sergio Scicchitano

The purpose of this paper is to investigate the existence of sticky floor and glass ceiling effects in the gender wage gap (GWG) among Spanish managers. In addition, the paper…

1065

Abstract

Purpose

The purpose of this paper is to investigate the existence of sticky floor and glass ceiling effects in the gender wage gap (GWG) among Spanish managers. In addition, the paper determines if the pay gap at every quantile is a result of the gender characteristic differences, or the differences in returns to those characteristics.

Design/methodology/approach

The paper exploits a counterfactual decomposition analysis, using quantile regression, to decompose the GWG into one component that is based on differences in characteristics and one component that is based on differences in coefficients across the wage distribution.

Findings

A significant GWG over all the wage distribution is found. Such a gap exhibits a clear U-shaped pattern, thus pointing out both significant sticky floor and glass ceiling effects. Furthermore, the paper shows that such pattern is mainly determined by the coefficient effect, whose relative incidence is almost continuously increasing along the wage distribution.

Research limitations/implications

While it is difficult to give a definitive explanation for the significant U-shaped pattern in the GWG and for the bigger incidence of the glass ceiling, the authors suggest two possible explanations that are consistent with these findings. The paper leaves the identification of these explanations to future research.

Practical implications

The pattern of rising coefficient effects at higher quantiles suggests that the glass ceiling is a more relevant question than the sticky floor. Indeed, at the highest wage quantiles, differences in characteristics make essentially no contribution to the overall wage gap. This suggests that upper-echelon female managers have the same characteristics as their male counterparts, which emphasizes the role of discrimination for these top-level jobs.

Originality/value

Despite the general GWG has been largely investigated, the analysis of a wage differential among managerial workers has certainly drawn much less attention. In particular just a few papers have investigated the existence of sticky floors and glass ceiling among managers. In addition, as to Spain, there is no empirical survey investigating and decomposing the gender pay gap among managers.

Details

International Journal of Manpower, vol. 35 no. 3
Type: Research Article
ISSN: 0143-7720

Keywords

Article
Publication date: 8 March 2018

Frank Gyimah Sackey

The purpose of this paper is to examine if credit rationing persists even in the era of financial liberalization, the extent to which individual, firm and loan characteristics…

Abstract

Purpose

The purpose of this paper is to examine if credit rationing persists even in the era of financial liberalization, the extent to which individual, firm and loan characteristics influence the rationing behavior of commercial banks and whether the agricultural sector is discriminated against in the commercial bank credit market.

Design/methodology/approach

The study employed a probit model with marginal effects and a generalized Blinder-Oaxaca decomposition estimation on a randomly selected data of 1,239 entrepreneurs from eight commercial banks’ credit records about their individual, firm and loan characteristics.

Findings

The study revealed that credit rationing persists and that applying for a relatively longer payment period, providing collateral and guarantor, being illiterate, being relatively older and being in the agricultural sector increases the likelihood of being credit rationed, while having some relationship with the bank, having non-mandatory savings and applying from a bank with relatively high interest rates reduce the likelihood of being credit rationed. The study also revealed a credit gap of 17.77 percent and a positive discrimination against borrowers in the agricultural sector as the gap was largely being influenced by unexplained factors.

Research limitations/implications

The research was intended to cover a large number of commercial banks in Ghana. However, most of the banks were unwilling to provide such information about their borrowers; hence, the research was limited to only eight commercial banks who provided the author with the information needed for the study.

Practical implications

The study concludes that policies that enhance human capital, women, and older access to credit and agricultural-oriented financial services and others, will go a long way to reduce rationing and increase access to credit, especially to the agricultural sector.

Social implications

The research proposes the use of group lending as a form of collateral and monitoring to ease risks and default, and hence supports sustainable funding to increase access and outreach.

Originality/value

The paper looks at the comprehensive way about the various factors determining credit rationing in that it considers not only the individual, economic/firm and loan characteristics but also the extent to which discrimination toward the agricultural sector exists in the commercial banks credit market.

Details

Agricultural Finance Review, vol. 78 no. 3
Type: Research Article
ISSN: 0002-1466

Keywords

Abstract

Details

Handbook of Microsimulation Modelling
Type: Book
ISBN: 978-1-78350-570-8

Book part
Publication date: 21 November 2014

Esfandiar Maasoumi, Melinda Pitts and Ke Wu

We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances which are well-defined welfare theoretic measures…

Abstract

We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances which are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups. These go beyond the usual Oaxaca–Blinder decompositions at the (linear) conditional means. Much like quantiles, these entropic distances are well-defined inferential objects and functions whose statistical properties have recently been developed. Going beyond these strong rankings and distances, we consider weak uniform ranking of these wage outcomes based on statistical tests for stochastic dominance. The empirical analysis is focused on employees with at least 35 hours of work in the 1996–2012 monthly Current Population Survey (CPS). Among others, we find incumbent workers enjoy a better distribution of wages, but the attribution of the gap to wage inequality and human capital characteristics varies between quantiles. For instance, highly paid new workers are mainly due to human capital components, and in some years, even better wage structure.

Details

Essays in Honor of Peter C. B. Phillips
Type: Book
ISBN: 978-1-78441-183-1

Keywords

Abstract

Details

Handbook of Microsimulation Modelling
Type: Book
ISBN: 978-1-78350-570-8

Book part
Publication date: 11 July 2019

Carl Lin and Yana van der Meulen Rodgers

This study uses migrant household survey data from 2008 to 2009 to examine how parental migration decisions are associated with the nutritional status of children in rural and…

Abstract

This study uses migrant household survey data from 2008 to 2009 to examine how parental migration decisions are associated with the nutritional status of children in rural and urban China. Results from instrumental variables regressions show a substantial adverse effect of children’s exposure to parental migration on height-for-age Z scores of left-behind children relative to children who migrate with their parents. Additional results from a standard Blinder–Oaxaca decomposition, a quantile decomposition, and a counterfactual distribution analysis all confirm that children who are left behind in rural villages – usually because of the oppressive hukou system – have poorer nutritional status than children who migrate with their parents, and the gaps are biggest at lower portions of the distribution.

Details

Health and Labor Markets
Type: Book
ISBN: 978-1-78973-861-2

Keywords

Book part
Publication date: 27 August 2016

Yang Wang, Nora Lustig and Otavio Bartalotti

Between 1995 and 2012, the wage distribution of male workers in Brazil shifted to the right and became less dispersed. This paper attempts to identify the reasons for that…

Abstract

Between 1995 and 2012, the wage distribution of male workers in Brazil shifted to the right and became less dispersed. This paper attempts to identify the reasons for that movement in male wage distribution, focusing on the impact of education expansion on wage distribution. The Oaxaca-Blinder (OB) and Recentered Influence Function (RIF) decomposition results show that both changes in returns on skills and upgrades in the composition of work skills contribute to increases in the average wage and wages at the 10th and 50th percentiles. The shifts in returns to skills had a decreasing impact on wages at the 90th percentile and are identified as the primary force reducing wage inequality. Education expansion had an equalizing impact on wage distribution, primarily through the decline in return to education.

Details

Income Inequality Around the World
Type: Book
ISBN: 978-1-78560-943-5

Keywords

Article
Publication date: 10 May 2011

Kang Yu, Xiangfei Xin, J. Alexander Nuetah and Ping Guo

The purpose of this paper is to perform an investigative analysis of the distribution of agricultural growth in China and the evolution of the decision mechanism.

3049

Abstract

Purpose

The purpose of this paper is to perform an investigative analysis of the distribution of agricultural growth in China and the evolution of the decision mechanism.

Design/methodology/approach

The kernel density estimation method was used to investigate the distribution of agricultural growth in China using 1988‐2008 panel data of the 29 provinces on the mainland. A nonparametric income distribution approach was employed to decompose China's agricultural output growth into farmland accumulation, capital deepening, labor‐scale change, technical change, and efficiency change based on stochastic frontier function. A further investigation of the evolution of the decision mechanism for agricultural growth was then performed using counterfactual analysis.

Findings

The results of this analysis indicate that: from 1996, the distribution of agricultural output per worker evolved from a unimodal into a bimodal distribution; technical change is the primary impetus to distribution shift; and capital deepening and efficiency change play a dominant role in the deformation of the distribution of agricultural output per worker from a unimodal to a bimodal distribution.

Originality/value

The paper is an original work and its methodology makes a meaningful contribution to understanding China's agricultural growth. That is, the use of income distribution analysis method to analyze agricultural growth does not only allow a more in‐depth understanding of the gap between regional agricultural growth rates, but also makes up for the existing lack of convergence in agricultural growth in China.

Details

China Agricultural Economic Review, vol. 3 no. 2
Type: Research Article
ISSN: 1756-137X

Keywords

Book part
Publication date: 27 August 2016

Carlos Gradín

We investigate the reasons why income inequality is so high in Spain in the EU context. We first show that the differential in inequality with Germany and other countries is…

Abstract

We investigate the reasons why income inequality is so high in Spain in the EU context. We first show that the differential in inequality with Germany and other countries is driven by inequality among households who participate in the labor market. Then, we conduct an analysis of different household income aggregates. We also decompose the inter-country gap in inequality into characteristics and coefficients effects using regressions of the Recentered Influence Function for the Gini index. Our results show that the higher inequality observed in Spain is largely associated with lower employment rates, higher incidence of self-employment, lower attained education, as well as the recent increase in the immigration of economically active households. However, the prevalence of extended families in Spain contributes to reducing inequality by diversifying income sources, with retirement pensions playing an important role. Finally, by comparing the situations in 2008 and 2012, we separate the direct effects of the Great Recession on employment and unemployment benefits, from other more permanent factors (such as the weak redistributive effect of taxes and family or housing allowances, or the roles of education and the extended family).

Details

Income Inequality Around the World
Type: Book
ISBN: 978-1-78560-943-5

Keywords

Content available
Book part
Publication date: 18 January 2022

Esfandiar Maasoumi and Le Wang

Building on recent advances in inverse probability weighted identification and estimation of counterfactual distributions, the authors examine the history of wage earnings for…

Abstract

Building on recent advances in inverse probability weighted identification and estimation of counterfactual distributions, the authors examine the history of wage earnings for women and their potential wage distributions in the United States. These potentials are two counterfactuals, what if women received men’s market “rewards” for their own “skills,” and what if they received the women’s rewards but for men’s characteristics? Using the Current Population Survey data from 1976 to 2013, the authors analyze the entire counterfactual distributions to separate the “structure” and human capital “composition” effect. In contrast to Maasoumi and Wang (2019), the reference outcome in these decompositions is women’s observed earnings distribution, and inverse probability methods are employed, rather than the conditional quantile approaches. The authors provide decision theoretic measures of the distance between two distributions, to complement assessments based on mean, median, or particular quantiles. We assess uniform rankings of alternate distributions by tests of stochastic dominance in order to identify evaluations robust to subjective measures. Traditional moment-based measures severely underestimate the declining trend of the structure effect. Nevertheless, dominance rankings suggest that the structure (“discrimination”?) effect is bigger than human capital characteristics.

Details

Essays in Honor of M. Hashem Pesaran: Panel Modeling, Micro Applications, and Econometric Methodology
Type: Book
ISBN: 978-1-80262-065-8

Keywords

1 – 10 of 278