Note(s): This table reports the OLS estimation results on the impact of clan culture on the wage gap between male and female executives. The dependent variable, Wage_diff, is the difference between the average salary of male and female executives in the firm, scaled by the average salary of all executives. The independent variable, Clan, is measured as the number of genealogies per 10,000 residents in the city where the firm is incorporated. Other variable definitions are provided in Table 1. Industry- and year-fixed effects are included in all columns. Coefficient estimates are reported in the row above the t-statistics in parentheses. ***, **, and * denote two-tailed significance at the 0.01, 0.05, and 0.10 levels