How to make career advancement in Economics more inclusive

Men are overrepresented in senior academic positions in Economics (Teunissen and Hogendoorn, 2018). While gender inequality in ­academia is universal (Miller et al., 2015), it is especially pronounced in the Economics discipline (Leslie et al., 2015) and in the Netherlands in particular (Miller et al., 2015). In nearly four decades, only six women have ever made it into the ESB Economics Top 40. It is important to note that promoting gender equality is not just a matter of fairness; it is – as should be of interest to Economists – also a matter of ­efficiency. For instance, Hsieh et al. (2018) have argued that no less than a quarter of the economic growth in the US between 1960 and 2010 can be attributed to what they call “the improved allocation of talent” of members of underrepresented groups. For the Netherlands specifically, The McKinsey Global Institute recently calculated that greater gender parity in labor force participation, STEM fields, and senior positions, would add more than 100 billion euros to Dutch GDP (McKinsey, 2018). To shed light on this phenomenon and to present insight into possible interventions, we provide a conceptual and empirical analysis of the factors underlying gender differences in career advancement in Economics, drawing on the latest research in the behavioural sciences.