At this week’s summit on the future of the euro, Angela Merkel will be one of few women in a room full of men. This column provides experimental evidence to suggest that women are often less driven by the desire to compete and have less belief in their abilities than men. The result is that even the highest ranks of power may be bereft of the most able of candidates.
Women continue to be underrepresented in the corridors of power. Despite recent gains, the numbers are striking. Fewer than 20% of national legislators are women. Just 3.2% of Fortune 500 companies currently have a female CEO. Such continuing gender disparities appear to fly in the face of the elimination of gender gaps in areas such as higher education, where we now see more women graduating from universities than men.
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