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
journal contribution
posted on 2023-06-09, 16:21 authored by Geraldine Healy, Mostak AhamedMostak AhamedState 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 RelationsISSN
1467-8543Publisher
WileyExternal DOI
Issue
2Volume
57Page range
302-327Department 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
2019-01-02First Open Access (FOA) Date
2021-01-09First Compliant Deposit (FCD) Date
2018-12-27Usage metrics
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