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☆ Opinion | Can Biden Revive the Fortunes of American Workers?
▼ + stars: | 2024-04-25 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Last week, employees at a Volkswagen plant in Chattanooga, Tenn., voted by almost three to one to join the United Automobile Workers. By the numbers, this wasn’t a big deal: It involved only a few thousand workers in an economy that employs almost 160 million people. You can quantify this arc using statistical measures like the Gini coefficient or the ratio of top to bottom incomes. The thing is, that relatively equal society didn’t evolve gradually. Wartime wage and price controls were an equalizing force, but the new equality persisted for decades after those controls were removed.

Persons: Claudia Goldin —, Robert Margo Organizations: Volkswagen, United Automobile Workers Locations: Chattanooga , Tenn, Chattanooga, America

☆ My husband was willing to sacrifice his career to be a stay-at-home parent, but I wasn't. Here are the best and worst parts of our arrangement.
▼ + stars: | 2024-01-12 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

Andrea Mac is a growth strategist, and her husband has been a stay-at-home dad for seven years. She says one of the worst parts of the arrangement is the tug-of-war between her kids and job. I have four children, ages 19, 14, 7, and 5 — and while I'm the family's breadwinner, my husband has been a stay-at-home dad for the last seven years. That said, being a breadwinner in my marriage while my husband is a stay-at-home dad has pros and cons. These are the five hardest, worst, and most triggering things about being a breadwinner with a stay-at-home husband.

Persons: Andrea Mac, Mac, —, He's, she's, I'm, it's, Claudia Goldin's Pulitzer, haven't Organizations: Service Locations: Greater Chicago

☆ The forever labor shortage is pitting parents and their childfree coworkers against each other
▼ + stars: | 2023-12-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +12 min

Childfree workers told Business Insider they often feel pressured to cover for parents at work. Benson's not alone in experiencing the tension of splitting work between childfree workers and those with kids. For childfree workers, it may lead to resentment, or feeling like their time isn't as valuable. And that might, in turn, lead to childfree workers being asked to take on more. But the childfree workers, parents, and experts that Business Insider spoke with say that making it a worker-to-worker dispute takes the onus off of companies and policy.

Persons: —, Kira Benson, Benson, Benson's, isn't, tenable, It's, aren't, Amanda Pericles, JessieMay Reed, they've, I'm, Benson doesn't, Arindrajit Dube, Claudia Goldin, Dube, " Dube, Evi, Nardi, Pericles, Pericles isn't, Reed, Kitty Richards, Richards, Betsy Cardenas, She's, Cardenas, we're Organizations: Business, Service, Bloomberg Law, University of Massachusetts Amherst, Treasury Department, of Labor Statistics, monopsony Locations: Seattle, —

☆ How Nobel economists spend their $1 million winnings
▼ + stars: | 2023-11-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Every year, researchers in economics are awarded the Nobel Prize, alongside a hefty sum in winnings. All you have to do is bag a Nobel Prize. Franco Modigliani, an MIT professor who nabbed the Nobel in economics in 1985 , got about $225,000 in winnings. But, ultimately, he wanted to spend his winnings according to his own research on people's saving and spending habits. So when he was asked how he'd spend what was, in 2017 dollars, around $1.1 million in winnings, Thaler told reporters : "I will try to spend it as irrationally as possible."

Persons: —, Alfred Nobel, Claudia Goldin, it's, Goldin, Lars Heikenstein, Franco Modigliani, Modigliani, I'm, Modigliani isn't, Elinor Ostrom, Oliver E, Williamson, Esther Duflo, Abhijit Banerjee, Michael Kremer, Sir Angus Deaton, Richard Thaler, he'd, Thaler Organizations: Service, Sveriges, Economic Sciences, Guardian, Nobel Foundation, MIT, Washington Post, Indiana University, National Academy of Sciences, Fund for Research, Development, Harvard University, Boston Globe, University of Chicago Locations: Stockholm, United States of America

☆ Is Remote Work the Answer to Women’s Prayers, or a New ‘Mommy Track’?
▼ + stars: | 2023-11-12 | by ( Sarah Kessler | More About Sarah Kessler | ) www.nytimes.com time to read: +2 min

And when work and caregiving conflict, women are more likely to take a step back. Most post-pandemic debate around remote work has focused on whether it’s here to stay. Some version of it seems likely: About 70 percent of workers who can do their jobs off-site still work remotely either all or some days. But if old attitudes about more flexible work resurge — outspoken executives have recently described it as “lazy,” not for leaders and a perk for those who don’t “work as hard”— then it may not matter if hybrid options are widespread. This is especially true for highly skilled jobs, because women hold the majority of college degrees.

Persons: Claudia Goldin —, —, Williams, ”, Betsey Stevenson Organizations: Board, University of Michigan

☆ United Auto Workers Strike a Blow for Equality - The New York Times
▼ + stars: | 2023-10-30 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

Some history you should know: Baby boomers like me grew up in a nation that was far less polarized economically than the one we live in today. For example, chief executives of major corporations were paid “only” 15 times as much as their average workers, compared with more than 200 times as much as their average workers now. But income gaps remained narrow for decades after these controls were lifted; overall income inequality didn’t really take off again until around 1980. Unions are a force for greater wage equality; they also help enforce the “outrage constraint” that used to limit executive compensation. Conversely, the decline of unions, which now represent less than 7 percent of private-sector workers, must have played a role in the coming of the Second Gilded Age we live in now.

Persons: Claudia Goldin, Robert Margo Organizations: Unions Locations: America

Research shows women in richer economies are more likely to have children if they work. Prime Minister Giorgia Meloni - Italy's first female premier - has said women are "an untapped resource" that lessens the need for immigrant labour. Yet her conservative government's 2024 budget, to be presented on Monday, is not expected to include measures to drive change. According to a government report relating to 2021, nearly one in five Italian women aged under 50 left their job after having their first child. SPANISH SUCCESSMeloni's government could learn from Spain, whose female activity rate lagged Italy's in the early 1990s but is now above the EU average.

Persons: Guzzo, Vittoria, Claudia Greco, Elena, Claudia Goldin, Giorgia Meloni, Claudia Olivetti, Enza Guzzo, Gian Carlo Blangiardo, Blangiardo, Giancarlo Giorgetti, Olivetti, Paola Profeta, Katharine Neiss, Valentina Za, Elisa Anzolin, Giuseppe Fonte, Catherine Evans Organizations: REUTERS, European Union, Reuters, Research, Dartmouth College, ISTAT, Bank of, EU, France's, Milan's Bocconi University, AXA Research, Treasury, Thomson Locations: Arese, Italy, MILAN, Bank of Italy, Rome, Barcelona, Spain, Milan

☆ Nobel Prize-winning Harvard economist Claudia Goldin: The gender pay gap will 'never' close unless this happens
▼ + stars: | 2023-10-10 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Claudia Goldin, a Harvard University professor, has spent nearly her entire career investigating what drives the persistent gender gap in the labor market, and how to narrow it. Through her ongoing research, Goldin, 77, has provided the first comprehensive account of American women's earnings and job market outcomes through the centuries, the Nobel committee said in the prize announcement. "We are never going to have gender equality, or narrow the pay gap, until we have couple's equity," Goldin tells CNBC Make It. True equity for dual-career couples remains "frustratingly out of reach," Goldin adds, because of "greedy jobs" and parenting norms. Increasing government funding of child care and the number of high-paying jobs in which people can share duties, rather than burn out, can help narrow the gender pay gap, says Goldin.

Persons: Claudia Goldin, Goldin, she's, it's Organizations: Harvard University, University of Chicago, CNBC

STOCKHOLM, Oct 9 (Reuters) - American economic historian Claudia Goldin won the 2023 Nobel economics prize for her work examining wage inequality between men and women, the Royal Swedish Academy of Sciences said on Monday. "This year's Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women's earnings and labour market participation through the centuries," the prize-giving body said in a statement. Goldin, who in 1990 became the first woman to be tenured at the Harvard economics department, is only the third woman to win the Nobel economics prize. "Claudia Goldin's discoveries have vast societal implications," said Randi Hjalmarsson, member of the Economic Prize committee. As with the other Nobel prizes, the vast majority of the economics awards have gone to men.

Persons: Claudia Goldin, Alfred Nobel, Goldin, Hans Ellegren, Claudia Goldin's, Randi Hjalmarsson, Jakob Svensson, Friedrich August von Hayek, Milton Friedman, Paul Krugman, Ben Bernanke, Elinor Ostrom, Esther Duflo, Simon Johnson, Mark John, Niklas Pollard, Johan Ahlander, Terje Solsvik, Catherine Evans Organizations: Royal Swedish Academy of Sciences, Sveriges, Economic Sciences, Harvard, Pew Research, Commission, Social, Thomson Locations: STOCKHOLM, COVID, Norwegian, Iranian, United States, Europe, U.S

☆ Nobel Prize in Economics Awarded to Harvard’s Claudia Goldin for Work on Gender Gaps
▼ + stars: | 2023-10-09 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/nobel-prize-in-economics-awarded-to-harvards-claudia-goldin-for-work-on-gender-gaps-d43858d3

Persons: Dow Jones, claudia, goldin

London CNN —Claudia Goldin, a professor at Harvard University, was awarded the Nobel Prize in economics Monday for her research into women’s income and employment. Jakob Svensson, chair of the committee for the prize in economic sciences, added: “Understanding women’s role in the labor market is important for society. Thanks to Claudia Goldin’s groundbreaking research we now know much more about the underlying factors and which barriers may need to be addressed in the future.”Claudia Goldin Harvard UniversityGoldin was born in 1946 in New York. She is the author of several books and is best-known for her work on the history of women in the US economy. The economics prize is officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Persons: London CNN — Claudia Goldin, Goldin, ”, Jakob Svensson, Claudia Goldin’s, ” Claudia Goldin Harvard, ” Claudia Goldin Harvard University Goldin, Henry Lee, Alfred Nobel, Ben Bernanke, Douglas Diamond, Philip Dybvig Organizations: London CNN, Harvard University, Royal Swedish Academy of Sciences, ” Claudia Goldin Harvard University, National Bureau of Economic Research, Sveriges, Economic Sciences, Federal Locations: New York, United States, Swedish

☆ Nobel economics prize awarded to U.S. economist Claudia Goldin for work on women in the labor market
▼ + stars: | 2023-10-09 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: 1 min

The winner of the 2023 Prize in Economic Sciences in Memory of Alfred Nobel American economist Claudia Goldin is seen on a display at the Royal Swedish Academy of Sciences, in Stockholm on October 9, 2023. The Nobel economics prize was on Monday awarded to Professor Claudia Goldin of Harvard University for her research on women in the labor market. Goldin provided the first comprehensive account of women's earnings and labor market outcomes through the centuries, the Nobel committee said in the prize announcement while announcing the prize. Her research reveals new patterns, identifies causes of change but also speaks to the main sources of the remaining gender gaps. The winners of the award, which is officially titled the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, receive 10 million Swedish krona ($907,000) between them.

Persons: Alfred Nobel, Claudia Goldin, Goldin Organizations: Economic Sciences, Royal Swedish Academy of Sciences, Harvard University, Sveriges Locations: Stockholm

☆ A woman's chance for equal pay plummets when she has a kid — and never recovers, says the newest Harvard economist to win the Nobel Prize
▼ + stars: | 2023-10-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Harvard professor Claudia Goldin just won the Nobel Prize in economics, the third woman to do so. Goldin has been studying women's labor and the gender wage gap for decades. We know this thanks to decades of research by Claudia Goldin, who just won the Nobel Prize in economics. Mothers can make up ground relative to non-mothers, Kerr said, but "the gender gap is just way too large between parents." AdvertisementAdvertisement"There are lots of people doing such research now, and I think that this means that they'll see that it is important and that it's recognized," Goldin said.

Persons: Claudia Goldin, Goldin, —, Lawrence Katz, Marianne Bertrand, Z, that's, they're, Sari Pekkala Kerr, Claudia Olivetti, Kerr, she's, it's, " Goldin Organizations: Service, Pew Research, Wellesley College Locations: Harvard

☆ The cult of Emily Oster
▼ + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com time to read: +30 min

Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.

Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, —, Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey

☆ Bosses hate work from home because 'home' is for women
▼ + stars: | 2023-04-17 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

And the old way was clear: The office is for work, and the home is for — well, for whatever unpaid stuff it is that women do while their men are at work. Skeptical that work — real work — could be done at home, bosses quietly penalized the women who opted for flexible schedules by sticking them with boring assignments and denying them promotions. Embracing remote work is a good start, but it comes with risks of its own. Since the pandemic hit, I've heard a few CEOs liken remote work to opening Pandora's box. Women working from home are no longer the aberration — tradition-bound executives are.

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