“…By using equation (11) we ®nd that gender differences in human capital explain 66% of this gap, and 34% cannot be explained by endowment differences. Moreover, in relation to the ®rst part of the decomposition, we 11 A similar decomposition in a probability model appears in, among others, Brown, Moon and Zoloth (1980), Jones and Makepeace (1996), Waddoups, Daneshvary and Assane (1995) and Winter-Ebmer and Zweimu Èller (1997).…”