How Big Is the Prize Money Gap? - Analysis of Prize Money in 2016 Grand Slam Tournaments
| Authors | |
|---|---|
| Year of publication | 2017 |
| Type | Article in Periodical |
| Magazine / Source | Financial Assets and Investing |
| MU Faculty or unit | |
| Citation | |
| web | https://journals.muni.cz/fai/article/view/7879 |
| Doi | http://dx.doi.org/10.5817/FAI2017-1-3 |
| Field | Economy |
| Keywords | tennis; sports finance; gender inequality; gender bias; prize money |
| Attached files | |
| Description | 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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