How Is Wage Pay in the Financial Sector in the Netherlands?

We used a longitudinal dataset collected for Dutch households since 2008 to study the financial sector pay as compared with other non-financial sectors in the Netherlands. With the fixed effects model and the OLS equations, we found that there is no wage premium in the Dutch financial sector after controlling for individual characteristics. Moreover, the gender pay gap generally exists in the Netherlands; there is no significant difference in the gender gap between the Dutch financial sector and the Dutch non-financial sector. Findings of several studies were documented to help explain the differences in the findings of financial sector pay in the Netherlands relative to those in the other countries.