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The science behind the roadblocks to women’s academic career in financial economics

Oct. 11, 2023

Swedish House of Finance premieres a short video entitled "Sidelined in Science" that sheds light on the science behind the obstacles that women encounter in academia, as well as some solutions that can help overcome some of the hurdles.

In recent years, even with heightened initiatives, the representation of women in financial economic academia remains notably low. Swedish House of Finance's Women in Finance database indicates that a mere 22% of researchers in our field are female, of which only 13% hold full professorships. It is especially concerning that there is relatively slow to no progression over time compared to other social sciences and STEM fields.

With the objective of addressing this complex issue from a fresh perspective, the Swedish House of Finance has produced two short videos. The first movie captures academic evidence of several obstacles that women face during their academic careers. The second movie gathers ideas on what we can do.

Together these films will serve as the catalyst to initiate discussions and help guide our collective efforts during the workshop towards a practical action plan.

Participating researchers

Alice Wu, Ph.D. candidate in Economics, Harvard University

Alicia Modestino, Associate Professor, Northeastern University

Anusha Chari, Professor of Economics and Finance, University of North Carolina

Eric Bettinger, the Conley-DeAngelis Family Professor of Education, Stanford University

Heather Tookes, Professor of Finance, Yale School of Management

Jan Sauerman, Associate Professor, Institute for Evaluation of Labour Market and Education Policy (IFAU)

Janet Curie, the Henry Putnam Professor of Economics and Public Affairs at Princeton University

Jenna Stearns, Associate Professor of Economics, University of California Davis

Justin Wolfers, Professor of Economics, University of Michigan

Pascaline Dupas, Kleinheinz Family Professor in International Studies, Stanford University

Patricia Funk, Professor of Economics, Università della Svizzera italiana

Renée Adams, Professor of Finance, Said Business School, University of Oxford

Stefano DellaVinga, Daniel E. Koshland, Sr. Distinguished Professor of Economics and Professor of Business Administration, Haas School of Business, University of California, Berkeley

Watch the trailer "Sidelined in Science" movie
Sidelined in Science: The science behind roadblocks to women’s academic career in (financial) econ.
Diversity in Financial Economics; Some Policy Recommendations
Workshop "Sidelined in Science"

The aim of this initiative is to establish tangible measures that will enhance diversity at universities and research institutes in financial economics. This collaborative event will involve the participation of the heads of the top Finance departments in Europe.

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References:

Adams, Renée and Michelle Lowry (2022), "The Culture of the Finance Profession: Evidence from the 2020/2021 American Finance Association Survey", European Corporate Governance Institute – Finance Working Paper No. 845/2022.

Antecol, Heather, Kelly Bedard, and Jenna Stearns (2018), "Equal but inequitable: Who benefits from gender-neutral tenure clock stopping policies?", American Economic Review, vol. 108, pp. 2420-41.

Bettinger, Eric P. and Bridget Terry Long (2005). "Do faculty serve as role models? The impact of instructor gender on female students", American Economic Review vol. 95, pp. 152-157.

Blau,Francine D, Janet M. Currie, Rachel TA Croson, and Donna K. Ginther (2010), "Can mentoring help female assistant professors? Interim results from a randomized trial", American Economic Review vol. 100, pp. 348-52.

Card, David, Stefano DellaVigna, Patricia Funk, and Nagore Iriberri (2020) "Are referees and editors in economics gender neutral?", The Quarterly Journal of Economics vol. 135, pp. 269-327.

Chari, Anusha and Paul Goldsmith-Pinkham (2017), "Gender representation in economics across topics and time: Evidence from the NBER summer institute", Working Paper No. w23953. National Bureau of Economic Research.

Dupas, Pascaline, Alicia Sasser Modestino, Muriel Niederle, and Justin Wolfers (2021). "Gender and the dynamics of economics seminars" No. w28494. National Bureau of Economic Research.

Mengel, Friederike, Jan Sauermann, Ulf Zölitz (2019), "Gender Bias in Teaching Evaluations", Journal of the European Economic Association", vol. 17, pp. 535–566.

Sarsons, Heather, Klarita Gërxhani, Ernesto Reuben, and Arthur Schram (2021), "Gender differences in recognition for group work", Journal of Political Economy vol. 129, pp. 101-147.

Sherman, Mila Getmansky and Heather E. Tookes (2022), "Female representation in the academic finance profession", The Journal of Finance vol. 77, pp. 317-365.

Wu, Alice H. (2020), "Gender bias among professionals: an identity-based interpretation", Review of Economics and Statistics vol. 102, pp. 867-880.

Sponsor

We are grateful to VINNOVA for financial support. 

Marieke Bos

Deputy Director, Swedish House of Finance

Associate Professor (Docent), Swedish House of Finance

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