Thursday, October 12, 2023

Claudia Golden wins Nobel Prize in Economics

For her work explaining Gender Gaps in wages and employment.  From the Economist:

Since around 2005 the wage gap has hardly budged. Here Ms Goldin’s work questions popular narratives that continue to blame wage discrimination. Instead, in a book published in 2021, Ms Goldin blames “greedy” jobs, such as being a consultant or lawyer, which offer increasing returns to long (and uncertain) hours.

She explains how such work interacts with the so-called parenthood penalty. “Let’s say there are two lawyers, equally brilliant,” explains Ms Goldin. Once children arrive, “they realise that they both can’t work these gruelling hours.” Women spend more time raising children, which is why the gender pay gap tends to open up after a first child.

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