Using data from a natural experiment with high payoffs in education, we examine whether the competitive nature of tournament structure explains the performance gender-gap. We find that performance is statistically lower for women, the variance of performance is higher for men, and the tails of the performance distribution are significantly fatter for men. For the same participants in non-competitive settings with similar academic content, the performance of women first-order-stochastically dominates that of men. We reject differences in risk aversion and ability as reasons for performance gender-gap.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
6891.