When Harry Fired Sally: The Double Standard in Punishing Misconduct

@article{Egan2017WhenHF,
  title={When Harry Fired Sally: The Double Standard in Punishing Misconduct},
  author={M. Egan and Gregor Matvos and Amit Seru},
  journal={Mutual Funds},
  year={2017}
}
We examine gender differences in misconduct punishment in the financial advisory industry. We find evidence of a "gender punishment gap": following an incident of misconduct, female advisers are 20% more likely to lose their jobs and 30% less likely to find new jobs relative to male advisers. Females face harsher outcomes despite engaging in misconduct that is 20% less costly and having a substantially lower propensity towards repeat offenses. The gender punishment gap in hiring and firing… Expand
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