EN
This article provides a comparative analysis of gender gaps in observable and reservation wages. The analysis shows that women are able to accept lower wages than men before entering the labour market. Men’s and wom-en’s differences in observable characteristics are not at all sufficient to ex-plain the gaps both in observable and reservation wages. The article thus concludes that the prevalence of gender wage gap may be a result of wom-en’s lower self-valuation and not necessarily labour market discrimination against women.