People I (Mostly) Admire EXTRA: Nobel Laureate Claudia Goldin on "Greedy Work" and the Wage Gap
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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.
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Defining the Gender Wage Gap
- The gender wage gap is calculated using the median income of full-time, full-year employed women and men.
- This method, while standardized, doesn't account for factors like education or career choices and excludes higher earners.
Wage Gap at the Top
- The gender wage gap is more pronounced at the highest income levels than at the lowest.
- The minimum wage creates a floor, while the top has a long tail where men dominate.
Occupational Segregation
- Occupational gender segregation, where men and women choose different professions, has declined significantly.
- While it contributes to the wage gap, differences within occupations are more substantial.
