Executive Minority Employment and Compensation Gap in the S&P500: Is Compensation Disparity More Prevalent in Certain Industries?

Author

Jason W. Toney, Claremont McKenna CollegeFollow

Graduation Year

Spring 2011

Document Type

Open Access Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Heather Antecol

Terms of Use & License Information

Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2011 Jason Toney

Abstract

Minorities hold a significantly smaller percentage of executive positions in companies within the S&P500. However, whether these minorities are under compensated relative to their non-minority counterparts has not been previously investigated. Using Compustat data, this paper documents the differences in compensation between minorities and non-minorities as a whole, minority and non-minority CEOs, and the differences in compensation for minorities and non-minorities within industries. I show that there is no minority/white wage gap overall, and in some cases, minorities earn a premium compared to non-minorities.

Recommended Citation

Toney, Jason W., "Executive Minority Employment and Compensation Gap in the S&P500: Is Compensation Disparity More Prevalent in Certain Industries?" (2011). CMC Senior Theses. 145.
https://scholarship.claremont.edu/cmc_theses/145