Based in Charlotte, NC, she covers the
U.S. macro economy, including the labor
market, manufacturing sector and inflation trends. She regularly writes indicator
reports, produces special commentary,and
contributes to the company’s Weekly
Economic & Financial Commentary. Sarah
frequently speaks about the economy to
the national media, including Bloomberg
News and National Public Radio. Sarah
earned a B.A. in economics from Tulane
University in New Orleans and an MSc
in local economic development from the
London School of Economics. She is a
member of the National Association of
Business Economics and the Charlotte
Paul Jeanne, CFA, CPA, is a managing director and Associate Director of Research
with Wells Fargo Securities. He helps
manage the high grade research team,
leads the research associate training and
development effort, and contributes to the
strategic direction of the department.
Jeanne received a bachelor degree in
mathematics and economics from Vanderbilt University and an MBA in finance from
Emory Business School. He also holds the
Chartered Financial Analyst designation
and is a certified public accountant.
Tim Quinlan is a director and senior economist with Wells Fargo Securities. Based
in Charlotte, North Carolina, he provides
analysis on the macro U.S. economy and
major foreign economies. Quinlan’s work
has been published in academic economic journals and his comments on the
economy regularly appear in The Wall
Street Journal, The New York Times and
USA Today. Prior to joining the company,
he worked for Putnam Investments in
Boston. He has a B.A. from Siena College
in Albany, New York.
John Silvia is a managing director and the
chief economist for Wells Fargo. Based in
Charlotte, North Carolina, he has held his
position since he joined Wachovia, a Wells
Fargo predecessor, in 2002 as the com-
pany’s chief economist. Before his current
posi-tion, John worked on Capitol Hill as
senior economist for the U.S. Senate Joint
Economic Committee and chief economist
for the U.S. Senate Banking, Housing and
Urban Affairs Committee.
John is on the Bloomberg Best Forecast list for his forecasts of GDP, the ISM
manufacturing index, housing starts, and
the unemployment rate.
John holds B.A. and Ph.D. degrees in
economics from Northeastern University
in Boston and has a master degree in
economics from Brown University. John’s
first book, Dynamic Economic Decision
Making, was published by Wiley in August,
2011. His second book, Economic and
Business Forecasting, was published in
2014, also by Wiley. His third book,
Economic Modeling in the Post Great Recession Era, was published in 2017 by Wiley.
Diane Schumaker-Krieg is global head of
Research, Economics & Strategy and
leads all fundamental research across sectors and asset classes for Wells Fargo.
She serves on the Wells Fargo Corporation and the Wells Fargo Securities
management committees. Schumaker-Krieg is a Phi Beta Kappa, Sigma Xi, and
summa cum laude graduate of Wellesley
College, and holds an M.B.A. in finance
from Columbia University.
For the past 7 consecutive years, she
has been recognized by American Banker
on its prestigious “ 25 Most Powerful
Women in Finance” survey. In 2014,
Harvard’s Smart Woman Securities named
Diane “Woman of the Year.” In 2007,
Legal Momentum, the nation’s oldest legal
advocacy group for women, presented
Diane with the Aiming High Award, citing
her as a business leader who has
broken new ground.
1 Blau, Francine D. and Lawrence M. Kahn
(2016). “The Gender Wage Gap: Extent,
Trends, and Explanations.” NBER Working
Paper No. 21913, Jan. 2016. Estimates
are for the wage gap in 2010.
2 Between 1990 and 2015, the Consumer
Price Index for child care and nursery
school rose an average of 7.0 percent per
year compared to a 3. 5 percent average
annual increase in the median household
3 American Time Use Survey, 2015. U.S.
Bureau of Labor Statistics.
4 In 2015, 25. 2 percent of women who
were not in the labor force but wanted
a job reported not looking for work due
to childcare or family responsibilities. In
comparison, only 6. 8 percent of men met
these criteria, according to data from the
U.S. Bureau of Labor Statistics’ Current
4 In 2015, 5. 3 percent of working women
held multiple jobs compared to 4. 5 percent of men. The gap widens when looking
specifically at never-married workers ( 6. 2
percent for women vs. 4. 2 percent for
men) and widowed, divorced or separated
workers ( 5. 9 percent for women vs. 4. 3
percent for men).
6 Blau and Khan (2016). Blau and Khan
found that occupation and industry accounted for 32. 9 percent and 17. 6 percent of the gender wage gap, respectively.
7 Wootton, Barbara (1997). “Gender
Differences in Occupational Employment.”
Monthly Labor Review.
8 Author calculations based on Korn Ferry
analysis of top 1,000 U.S. companies by
revenue in June 2016. C-Suite positions
include CEO, CFO, CIO and CMO.
9 Catalyst. “Pyramid: Women in S&P 500
Companies.” New York: Catalyst, September 19, 2016.
10 Ibid. Top earners are defined as the 5-7
executives whose earnings companies are
required to disclose.
11 Christin, Liana (2013). “Men in Nursing
Occupations.” American Community Survey Highlight Report. U.S. Census Bureau.
12 Levanon, Asaf, Paula England and Paul
Allison (2009). “Occupational Feminization and Pay: Assessing Causal Dynamics
Using 1950–2000 U.S. Census Data.”
The University of North Carolina Press.
13 Blau and Kahn (2016).
14 Blau and Kahn (2016). Authors control
for experience, industry, occupation,
education, region, race and unionization. In
2010, the 38 percent of the gender wage
gap totaled $0.09 per dollar. A 38 percent
portion of the wage of the gap in 2015
would total $0.08 per dollar.
15 Correll, Shelley J., Stephen Benard and
In Paik. (2007). “Getting a Job: Is There a
Motherhood Penalty?” American Journal of
Sociology, 112 ( 5): 1297-1338.