When Paid Work Gives in to Unpaid Care Work : Evidence from the Hedge Fund Industry under COVID-19

Tommar, Sara Ain and Kolokolova, Olga and Mura, Roberto (2022) When Paid Work Gives in to Unpaid Care Work : Evidence from the Hedge Fund Industry under COVID-19. Management Science, 68 (8). pp. 6250-6267. ISSN 0025-1909

Full text not available from this repository.

Abstract

We examine how childcare inequalities in the home affect the work productivity of female talent, using unique data on the family structures of hedge fund managers and the exogenous shock from school closures during the early COVID-19 pandemic response. We find that female managers’ ability to generate abnormal returns is curbed by 9% on average in the shock-month of school closures, providing a direct measure of the cost of unpaid care work. This effect is driven by mothers and especially mothers with young children. With increasing calls for more female representation in all layers of the economy and the efforts exerted toward that goal, there is reason for concern that these efforts might not factor in as the pandemic has uncovered how women in general and mothers in particular bear both the burden of unpaid care work and the subsequent cost to their paid work.

Item Type:
Journal Article
Journal or Publication Title:
Management Science
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1408
Subjects:
?? covid-19gender biashedge fundsunpaid care workstrategy and managementmanagement science and operations research ??
ID Code:
204022
Deposited By:
Deposited On:
20 Sep 2023 14:25
Refereed?:
Yes
Published?:
Published
Last Modified:
16 Jul 2024 00:10