Abstract
By taking advantage of a new hand-collected dataset on CEO educational networks between 1992 and 2013, this paper studies the association between gender and network connections. First, female CEOs are less likely to be “Influential” (that is, have extremely large networks), although both sexes approximately have the same average network size. Second, while connected male CEOs are significantly rewarded, female CEOs with connections receive a steep penalty in their earnings. These results provide evidence supporting Sahni’s (2015b) work that women receive lower returns from social capital than men. Additionally, despite a network earnings penalty for female CEOs, the traditional gender wage gap usually found in other occupations is absent. In fact, women significantly out-earn men.
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