Tomohiko Inui, Makiko Nakamuro, Kazuma Edamura, Junko Ozawa, 02 May 2015

In order to achieve sustainable growth, Japan should make an efficient use of its labour force. However, female labour force participation and the share of women in leading positions in Japan remain low. This column investigates the impact of board diversity on firms’ innovative activity using Japanese firm-level data. The findings suggest that board diversity is associated with innovation only for firms that have already acquired diverse management skills.

Luca Flabbi, Mario Macis, Andrea Moro, Fabiano Schivardi, 24 April 2015

Despite the convergence between men and women in many labour market indicators, women are still vastly underrepresented at the boardroom level. Using Italian data, this column presents new evidence on the impact of having a female CEO on the distribution of wages for male and female workers within firms. Female CEOs are shown to reduce the gender wage gap at the top of the wage distribution but widen it at the bottom. The authors also show that firms with female CEOs perform better, the higher the fraction of women in the firm’s workforce.

Marianne Bertrand, Emir Kamenica, Jessica Pan, 13 April 2015

The reduction in the gender gap in labour market outcomes has stalled. Recent research suggests that gender identity might be one of the culprits. This column provides new evidence on the issue using US census data. The results indicate that the prescription that women should earn less than men plays a role in marriage rates, the labour market supply of women, and marital satisfaction. The interaction of economic progress and changing gender norms could therefore explain the lower marriage and fertility rates among educated women. 

Yuko Kinoshita, Fang Guo, 31 March 2015

Japan and Korea need to encourage female labour market participation to counter acute labour shortages. This column argues that following Nordic countries’ experiences, it would be possible to achieve both high female labour force participation rate and fertility rate. However, this is only possible if supported by appropriate public and private sector policies.

Daniel Houser, John List, Marco Piovesan, Anya Samek, Joachim Winter, 23 February 2015

Dishonesty is a pervasive and costly phenomenon. This column reports the results of a lab experiment in which parents had an opportunity to behave dishonestly. Parents cheated the most when the prize was for their child and their child was not present. Parents cheated little when their child was present, but were more likely to cheat in front of sons than in front of daughters. The latter finding may help to explain why women attach greater importance to moral norms and are more honest.

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