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Stockbrokers1 are some of the highest paid sales workers in the country. But they also have one of the largest gender3 pay gaps in sales jobs—data from the mid4 ‘90s show that women made 20 percent less than men.
But stockbrokers are usually paid through commissions—which should reduce gender inequality, as income would be based solely5 on ability. Unless women aren’t as good at the job, or clients simply made fewer purchases from women brokers2.
Or can management still play a role in women making less?
University of Pennsylvania sociologist6 Janice Fadding Madden reviewed info from two major brokerage houses available via class action lawsuits7. The data included stockbrokers’ records of asset values and trades from 1994 through ‘96.
Madden found that there were no sales differences by gender for accounts with prior sales histories. But the referrals that women got from management had lower asset values and historic commissions. So the managers effectively gave them lower-paying accounts. The research is in the journal Gender and Society.
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1 stockbrokers | |
n.股票经纪人( stockbroker的名词复数 ) | |
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2 brokers | |
n.(股票、外币等)经纪人( broker的名词复数 );中间人;代理商;(订合同的)中人v.做掮客(或中人等)( broker的第三人称单数 );作为权力经纪人进行谈判;以中间人等身份安排… | |
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3 gender | |
n.(生理上的)性,(名词、代词等的)性 | |
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4 mid | |
adj.中央的,中间的 | |
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5 solely | |
adv.仅仅,唯一地 | |
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6 sociologist | |
n.研究社会学的人,社会学家 | |
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7 lawsuits | |
n.诉讼( lawsuit的名词复数 ) | |
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8 bias | |
n.偏见,偏心,偏袒;vt.使有偏见 | |
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