‘Women’s economics’ goes mainstream
Issues like women’s labour-force participation and the gender pay gap have long been marginalised within economics. Harvard economist Claudia Goldin’s work – which has won her a Nobel Prize – has put these concerns where they belong: at the centre of the discipline.
WILLIAM Shakespeare’s 1597 comedy Love’s Labour’s Lost tells the story of four Frenchmen as they navigate the tension between commitment to intellectual development and the quest for domestic bliss. Some four centuries later, Harvard economist Claudia Goldin reimagined the tale from the vantage point of American women balancing career and family. Now, Goldin’s profound insights into women’s labour-market outcomes have won her a Nobel Prize in economics.
Goldin’s achievement is notable not only because she works in an overwhelmingly male-dominated discipline – she is only the third woman in history to win the economics Nobel, and the first to win it solo – but also because her scholarship focuses squarely on gender. The issues Goldin researches – women’s labour-force participation and, specifically, the gender pay gap – are typically siloed within feminist economics and marginalised in the field.
Goldin, who positions herself as an “economist-detective”, has cracked a number of cases, but as the Nobel Committee noted, three stand out.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Abandoned seafarers: an unacceptable face of the shipping industry
The Fed’s quantitative easing programme has cost too much
Without a game changer, Sentosa Cove condos will continue underperforming
Why China’s electric cars are piling up at European ports
Relative measures can be absolutely wrong
Why the potential for another Donald Trump presidency is making Iran very nervous