Gender and Job Performance: Evidence from Wall Street

T. Clifton Green, Narasimhan Jegadeesh and Yuehua Tang

No 12897, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study the relation between gender and job performance among brokerage firm equity analysts. Women's representation in analyst positions drops from 16% in 1995 to 13% in 2005. We find women cover roughly 9 stocks on average compared to 10 for men. Women's earnings estimates tend to be less accurate. After controlling for forecast characteristics, the difference in accuracy is roughly equivalent to four years of experience. Despite reduced coverage and lower forecast accuracy, we find women are significantly more likely to be designated as All-Stars, which suggests they outperform at other aspects of the job such as client service.

JEL-codes: G14 G29 J44 J7 (search for similar items in EconPapers)
Date: 2007-02
New Economics Papers: this item is included in nep-bec and nep-cfn
Note: AP LS
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Citations: View citations in EconPapers (8)

Published as Clifton Green & Narasimhan Jegadeesh & Yue Tang, 2009. "Gender and Job Performance: Evidence from Wall Street," Financial Analysts Journal, vol 65(6), pages 65-78.

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