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Healy and Ahamed (Forthcoming) Gender pay gap, voluntary interventions, and recession.pdf (1.2 MB)

Gender pay gap, voluntary interventions and recession: the case of the British financial services sector

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journal contribution
posted on 2023-06-09, 16:21 authored by Geraldine Healy, Mostak AhamedMostak Ahamed
State institutions and trade unions put pressure on the British financial services sector to reform its gendered practices and reduce its gender pay gap following both the recession and the Equality and Human Rights Commission (EHRC) Inquiry (2009). This article considers the effect of these pressures by comparing the gender pay gap pre-, during- and post-recession periods. Using Labour Force Survey data, the article finds a marginal pay gap reduction in the post-recession period, a reduction that was greater in financial services than in the rest of the economy. However, the financial services pay gap remained resilient and substantially higher at the top of the earnings distribution. Union membership and collective bargaining were shown to reduce the pay gap including for women members with children. In contrast, countervailing factors, including ethnicity and post-recession longer working hours, contributed to the pay gap. The study reveals the limitations of voluntary interventions against a resilient gendered culture.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

British Journal of Industrial Relations

ISSN

1467-8543

Publisher

Wiley

Issue

2

Volume

57

Page range

302-327

Department affiliated with

  • Accounting and Finance Publications

Research groups affiliated with

  • Business and Finance Research Group Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2019-01-02

First Open Access (FOA) Date

2021-01-09

First Compliant Deposit (FCD) Date

2018-12-27

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