Selected paper

Svoboda, Martin Rakovská, Zuzana
How Big Is the Prize Money Gap? - Analysis of Prize Money in 2016 Grand Slam Tournaments
Year: 2017
Volume: 8
Issue: 1
Pages: 40-57
JEL: G02, Z21, Z23
DOI: 10.5817/FAI2017-1-3

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Keywords:
tennis, sports finance, gender inequality, gender bias, prize money

Abstract:
Since 2007 all Grand Slam tournaments have offered equal prize money for male and female tennis players. Although men and women are paid equally in Grand Slams they still play a different number of best-of sets – men play best-of-five set matches while women play best-of-three set matches. Those two competing circumstances created a financial gap in prize money paid to women and men for the unit of effort in a tennis play – for a game. The present paper estimates this financial gap for 2016 Grand Slam tournaments. Moreover, it demonstrates the nominal magnitude of this gap and its effect on year-to-year increasing prize money that are paid to winners. The results showed that women on average obtained 60% more prize money for a game played than men in all four 2016 Grand Slams.

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