This paper reviews the literature on gender differences in economic experiments. In the three main sections, we identify robust differences in risk preferences, social (other-regarding) preferences, and competitive preferences. We also speculate on the source of these differences, as well as on their implications. Our hope is that this article will serve as a resource for those seeking to understand gender differences and to use as a starting point to illuminate the debate on gender-specific outcomes in the labor and goods markets.

/pdf/gender-differences-in-preferences-1wffy691ko.pdf

Gender Differences in Preferences

Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification. Explaining how estimates can be obtained and tests can be carried out, the authors go beyond a mere algebraic description to one that can be easily translated into the commands of a standard econometric software package. Covering an unprecedented range of problems with a consistent emphasis on those that arise in applied work, this accessible and coherent guide to the most vital topics in econometrics today is indispensable for advanced students of econometrics and students of statistics interested in regression and related topics. It will also suit practising econometricians who want to update their skills. Flexibly designed to accommodate a variety of course levels, it offers both complete coverage of the basic material and separate chapters on areas of specialized interest.

Estimation and Inference in Econometrics

The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

Economics of Information

/pdf/the-theory-of-industrial-organization-19bejph0ej.pdf

The Theory of Industrial Organization

Many economic researchers have attempted to measure the effect of aggregate market or public policy variables on micro units by merging aggregate data with micro observations by industry, occupation, or geographical location, then using multiple regression or similar statistical models to measure the effect of the aggregate variable on the micro units. The methods are usually based upon the assumption of independent disturbances, which is typically not appropriate for data from populations with grouped structure. Incorrectly using ordinary least squares can lead to standard errors that are seriously biased downward. This note illustrates the danger of spurious regression from this kind of misspecification, using as an example a wage regression estimated on data for individual workers that includes in the specification aggregate regressors for characteristics of geographical states. Copyright 1990 by MIT Press.

An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Units

Using data from the US, the determinants of overall job satisfaction are estimated as part of explaining 'the paradox of the contented female worker'. Confirming earlier studies women report higher job satisfaction than men and higher job satisfaction in workplaces dominated by women workers. The US data allow us to demonstrate that men and women value job flexibility differently and that once differences in the extent of job flexibility are accounted for, the gender composition of the workplace plays no role in determining the job satisfaction of women. Thus, women in female dominated workplaces may report higher job satisfaction because they value job flexibility and so choose to dominate the workplaces that provide job flexibility. Copyright 2005, Oxford University Press.

Job satisfaction and gender segregation

This paper investigates the influence of performance-related pay on several dimensions of job satisfaction. In cross-sectional estimates performance-related pay is associated with increased overall satisfaction, satisfaction with pay, satisfaction with job security and satisfaction with hours. It appears to be negatively associated with satisfaction with the work itself; yet, after accounting for worker fixed effects the positive associations remain and the negative association vanishes. These results appear robust to a variety of alternative specifications and support the notion that performance-related pay allows increased opportunities for worker optimization and does not generally demotivate workers or crowd out intrinsic motivation.

https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1468-0335.2007.00649.x

Does Performance Pay Increase Job Satisfaction

Using establishment data from the Australian Workplace Industrial Relations Survey, this paper estimates the determinants of performance appraisal systems. The results indicate that performance appraisal is associated with workers having shorter expected tenure and greater influence over productivity. We argue these results reflect those circumstances in which the net benefits of performance appraisal are likely to be greatest. The results also show that complementary human resource management practices, such as formal training and incentive pay, are associated with an increased likelihood of performance appraisal, but that union density is associated with a reduced likelihood of performance appraisal.

https://papers.ssrn.com/sol3/Delivery.cfm/bjir_478.pdf?abstractid=856614&mirid=1&type=2

Performance Appraisal Systems: Determinants and Change

Recent confirmation of sheepskin effects in the returns to education for prime age white males has been taken as evidence of screening or signaling in the labor market The authors report evidence of sheepskin effects among women and minority males, and demonstrate that they are somewhat smaller for lower diploma years, but larger for higher diploma years, than those of white males These are among the first broad-based results confirming the frequent contention derived from signaling models that minorities have smaller returns to low productivity signals, but larger returns to high productivity signals Copyright 1991 by MIT Press

Sheepskin Effects in the Returns to Education: An Examination of Women and Minorities

The determinants of job satisfaction are estimated for PhD-level scientists in the United States across academic and nonacademic sectors. In initial estimates, female scientists report lower job satisfaction than males in academia but higher job satisfaction than males in the nonacademic sector. While academic scientists with tenure have substantially greater job satisfaction than nonacademic scientists, we show that the magnitude of this influence varies by gender. After correcting for the lower evaluation placed by females both on earnings and on tenure, female academic scientists actually match nonacademic scientists in reporting greater job satisfaction than men.

/pdf/job-satisfaction-of-the-highly-educated-the-role-of-gender-23jnffgshf.pdf

John S. Heywood

Papers

Job satisfaction and gender segregation

Does Performance Pay Increase Job Satisfaction

Performance Appraisal Systems: Determinants and Change

Sheepskin Effects in the Returns to Education: An Examination of Women and Minorities

Job satisfaction of the highly educated: the role of gender, academic tenure, and earnings