People I (Mostly) Admire
EXTRA: Nobel Laureate Claudia Goldin on "Greedy Work" and the Wage Gap
Oct 9, 2023
Claudia Goldin, a Nobel laureate in Economics and professor at Harvard, delves into the gender wage gap and the complexities surrounding it. She discusses how inflexible jobs and family duties hinder women's earning potential. Goldin highlights the concept of 'greedy work' and the uneven distribution of household labor, especially during COVID-19. She advocates for policies like universal preschool and equitable parental leave. Additionally, Goldin shares insights on negotiating careers and the historical barriers women faced in economics, blending personal stories with broader societal implications.
43:13
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Quick takeaways
- The gender wage gap is influenced by factors beyond just the 59 to 82 cents ratio, such as education and individual career choices.
- The concept of 'greedy work'—occupations requiring long hours and inflexible schedules—contributes significantly to the gender wage gap.
Deep dives
Gender wage gap and the measure of equality
The podcast episode discusses the gender wage gap, specifically focusing on the 59 to 82 cents ratio that is often mentioned. The guest explains that this ratio is derived from comparing the median income of full-time male and female workers. However, she also points out that this measure does not take into account other factors such as education or individual career choices. She further explains that the gender wage gap varied over time, increasing significantly in the 1980s before slowly creeping up in recent years.
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