The gender promotion gap is a major contributor to the persistent income inequality between men and women, according to Professor Kelly Shue.
About 70% of the gender wage gap is due to women occupying different positions compared to men, Professor Kelly Shue said at CNBC's Women & Wealth event Wednesday."Women have noticeably lower promotion rates compared to men in the same firm, in approximately the same position," Kelly Shue, a professor of finance at Yale School of Management, said at CNBC's Women & Wealth event Wednesday.
"They remain less likely than men to be hired into entry-level roles, which leaves them underrepresented from the start," Lean In's report notes. "Because of this 'broken rung' in the corporate ladder, men significantly outnumber women at the manager level, making it incredibly difficult for companies to support sustained progress at more senior levels," according to Lean In's report.
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