Table 2.

Subsample analyses

Demographic characteristicsCEO pay knowledgeWorker pay knowledgeCEO pay concern before informationCEO pay concern after information
Employment status
0 = not employed (n = 54), 1 = employed (n = 173)1.70 vs 1.842.26 vs 2.382.07 vs 2.102.28 vs 2.25
Gender
0 = male (n = 111), 1 = female (n = 124)2.10 vs 1.61***2.48 vs 2.311.93 vs 2.35*2.05 vs 2.55**
Race
0 = not White (n = 44), 1 = White (n = 194)1.59 vs 1.902.18 vs 2.422.14 vs 2.142.19 vs 2.33
Marital status
0 = single (n = 95), 1 = partnered (n = 124)1.60 vs 1.96*2.20 vs 2.47*2.06 vs 2.132.27 vs 2.28
Need to work
0 = no need (n = 65), 1 = need (n = 172)1.68 vs 1.912.17 vs 2.47*1.89 vs 2.242.08 vs 2.39
Investment experience
0 = no (n = 86), 1 = yes (n = 151)1.47 vs 2.07***2.30 vs 2.442.49 vs 1.95**2.60 vs 2.13**
Self or family CEO or business owner
0 = no (n = 61), 1 = yes (n = 30)2.36 vs 2.603.00 vs 3.202.89 vs 2.672.97 vs 2.57

Notes:

*p <0.05;

**p <0.01; and

***p <0.001

Sources: Table by authors; Steele & Holtzen

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