Henriksen, L.F. (Lasse Folke)

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    Within-job gender pay inequality in 15 countries
    (Nature Research, 2022-11-24) Avent-Holt, D. (Dustin); Soener, M. (Matthew); Lippényi, Z. (Zoltán); Tufail, Z. (Zaibu); Hällsten, M. (Martin); Henriksen, L.F. (Lasse Folke); Poje, A. (Andreja); Safi, M. (Mirna); Maja-Melzer, S. (Silvia); Apascaritei, P. (Paula); Elvira, M.M. (Marta María); Kristal, T. (Tali); Hou, F. (Feng); Kodama, N. (Naomi); Kanjuo-Mrcela, A. (Aleksandra); Mun, E. (Eunmi); Rainey, A. (Anthony); Jung, J. (Jiwook); Krízková, A. (Alena); Tomaskovic-Devey, D. (Donald); Bandelj, N. (Nina); Godechot, O. (Olivier); Penner, A.M. (Andrew M.); Hajdu, G. (Gergely); Sabanci, H. (Halil); King, J. (Joe); Boza, I. (István); Hermansen, A.S. (Are Skeie); Petersen, T. (Trond)
    Extant research on the gender pay gap suggests that men and women who do the same work for the same employer receive similar pay, so that processes sorting people into jobs are thought to account for the vast majority of the pay gap. Data that can identify women and men who do the same work for the same employer are rare, and research informing this crucial aspect of gender differences in pay is several decades old and from a limited number of countries. Here, using recent linked employer–employee data from 15 countries, we show that the processes sorting people into different jobs account for substantially less of the gender pay differences than was previously believed and that within-job pay differences remain consequential.
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    Ups and downs in finance, ups without downs in inequality
    (Oxford University Press, 2022-07-15) Soener, M. (Matthew); Thaning, M. (Max); Lippényi, Z. (Zoltán); Hällsten, M. (Martin); Henriksen, L.F. (Lasse Folke); Maja-Melzer, S. (Silvia); Apascaritei, P. (Paula); Elvira, M.M. (Marta María); Hou, F. (Feng); Kodama, N. (Naomi); Mun, E. (Eunmi); Jung, J. (Jiwook); Krízková, A. (Alena); Neumann, N. (Nils); Godechot, O. (Olivier); Sabanci, H. (Halil); Boza, I. (István); Hermansen, A.S. (Are Skeie)
    The upswing in finance in recent decades has led to rising inequality, but do downswings in finance lead to a symmetric decline in inequality? We analyze the asymmetry of the effect of ups and downs in finance, and the effect of increased capital requirements and the bonus cap on national earnings inequality. We use administrative employer–employee-linked data from 1990 to 2019 for 12 countries and data from bank reports, from 2009 to 2017 in 13 European countries. We find a strong asymmetry in the effect of upswings and downswings in finance on earnings inequality, a weak, if any, mitigating effect of capital requirements on finance’s contribution to inequality, and a restructuring but no absolute effect of the bonus cap on financiers’ earnings. We suggest that while rising financiers’ wages increase inequality in upswings, they are resilient in downswings and thus downswings do not contribute to a symmetric decline in inequality.