Home > Research > Publications & Outputs > When Paid Work Gives in to Unpaid Care Work

Research

Links

Text available via DOI:

Keywords

View graph of relations

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

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published

Standard

When Paid Work Gives in to Unpaid Care Work: Evidence from the Hedge Fund Industry under COVID-19. / Tommar, Sara Ain; Kolokolova, Olga; Mura, Roberto.
In: Management Science, Vol. 68, No. 8, 31.08.2022, p. 6250-6267.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Tommar, SA, Kolokolova, O & Mura, R 2022, 'When Paid Work Gives in to Unpaid Care Work: Evidence from the Hedge Fund Industry under COVID-19', Management Science, vol. 68, no. 8, pp. 6250-6267. https://doi.org/10.1287/mnsc.2022.4402

APA

Tommar, S. A., Kolokolova, O., & Mura, R. (2022). When Paid Work Gives in to Unpaid Care Work: Evidence from the Hedge Fund Industry under COVID-19. Management Science, 68(8), 6250-6267. https://doi.org/10.1287/mnsc.2022.4402

Vancouver

Tommar SA, Kolokolova O, Mura R. When Paid Work Gives in to Unpaid Care Work: Evidence from the Hedge Fund Industry under COVID-19. Management Science. 2022 Aug 31;68(8):6250-6267. Epub 2022 Apr 8. doi: 10.1287/mnsc.2022.4402

Author

Tommar, Sara Ain ; Kolokolova, Olga ; Mura, Roberto. / When Paid Work Gives in to Unpaid Care Work : Evidence from the Hedge Fund Industry under COVID-19. In: Management Science. 2022 ; Vol. 68, No. 8. pp. 6250-6267.

Bibtex

@article{3e2d54a2e4da43f980664867bf4b7792,
title = "When Paid Work Gives in to Unpaid Care Work: Evidence from the Hedge Fund Industry under COVID-19",
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{\textquoteright} 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.",
keywords = "COVID-19, gender bias, hedge funds, unpaid care work",
author = "Tommar, {Sara Ain} and Olga Kolokolova and Roberto Mura",
year = "2022",
month = aug,
day = "31",
doi = "10.1287/mnsc.2022.4402",
language = "English",
volume = "68",
pages = "6250--6267",
journal = "Management Science",
issn = "0025-1909",
publisher = "INFORMS Inst.for Operations Res.and the Management Sciences",
number = "8",

}

RIS

TY - JOUR

T1 - When Paid Work Gives in to Unpaid Care Work

T2 - Evidence from the Hedge Fund Industry under COVID-19

AU - Tommar, Sara Ain

AU - Kolokolova, Olga

AU - Mura, Roberto

PY - 2022/8/31

Y1 - 2022/8/31

N2 - 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.

AB - 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.

KW - COVID-19

KW - gender bias

KW - hedge funds

KW - unpaid care work

U2 - 10.1287/mnsc.2022.4402

DO - 10.1287/mnsc.2022.4402

M3 - Journal article

AN - SCOPUS:85138443886

VL - 68

SP - 6250

EP - 6267

JO - Management Science

JF - Management Science

SN - 0025-1909

IS - 8

ER -