The challenges of American and Indian women from a Goldin lens
Mint Mumbai|October 19, 2023
Women in both countries suffer similarly as their capitalist models pit the labour market against the desire to have a family
RAVINDER KAUR
The challenges of American and Indian women from a Goldin lens

Recognition for Claudia Goldin’s work may have come late but for several reasons it might be all the sweeter. She is the only woman in Economics to have won the Nobel Memorial Prize for Economic Sciences on her own. Goldin’s body of work has already had a major impact on several key gender equality issues, such as women’s education, participation in the labour force, gender wage gaps and discrimination in hiring. I first came across her work while researching the son preference in India, and in particular how women’s withdrawal from the labour force lowers their value (and that of their daughters) in society. Goldin’s U-shaped curve made eminent sense in the Indian context where poorer women work out of necessity and exit the labour force when household income rises. Where women are better educated, they rejoin the labour force if they have the skills for “respectable jobs". Sometimes this doesn’t go as expected—a subject for another discussion.

Goldin is one of only two Economics Nobel laureates who have received the prize for their work on the family. Gary Becker, who received it in 1992, in part for his path-breaking book, A Treatise on the Family, was an advisor to Goldin. However, their approaches to understanding the family (and, by definition, gender) are somewhat different. Becker brought a rational choice approach to understand household resource allocation and decision-making in marriage, family and fertility. In contrast to Becker’s abstract utility-maximizing individual, Goldin provides nuanced explanations of the shifts in women’s labour force participation by placing their aspirations and decision-making in changing socio-historical contexts at the forefront.

هذه القصة مأخوذة من طبعة October 19, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 19, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT MUMBAI مشاهدة الكل
A counterintuitive view on education
Mint Mumbai

A counterintuitive view on education

A book about Shomie Das, principal of three posh schools, serves as a rich distillation of his thoughts on education

time-read
5 mins  |
November 16, 2024
The loss of sound in our noisy lives
Mint Mumbai

The loss of sound in our noisy lives

Sound memory fades faster than visual memory. In a world as rapidly changing as ours, a museum of endangered sounds makes sense

time-read
5 mins  |
November 16, 2024
A whole new League
Mint Mumbai

A whole new League

When Arcane first dropped on Netflix, it didn't just break the mold for animated television—it shattered it into shiny fragments, each as intricate as the show's hand-painted aesthetic.

time-read
3 mins  |
November 16, 2024
When pets get cancer
Mint Mumbai

When pets get cancer

Advances in veterinary sciences have enabled several treatments, but early detection can make all the difference

time-read
2 mins  |
November 16, 2024
Reduction of energy costs in the telecom sector
Mint Mumbai

Reduction of energy costs in the telecom sector

With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply

time-read
5 mins  |
November 15, 2024
Skip cheese and sip wine in Switzerland
Mint Mumbai

Skip cheese and sip wine in Switzerland

Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations

time-read
4 mins  |
November 15, 2024
Mint Mumbai

Bankers aren't always frank about bank regulation

The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.

time-read
4 mins  |
November 15, 2024
Baku: A climate breakthrough looks depressingly bleak today
Mint Mumbai

Baku: A climate breakthrough looks depressingly bleak today

The success of fossil fuel-favouring politics threatens the planet

time-read
3 mins  |
November 15, 2024
Global solidarity levies can play a vital role in our climate efforts
Mint Mumbai

Global solidarity levies can play a vital role in our climate efforts

Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times

time-read
3 mins  |
November 15, 2024
Speak for the Earth: It's the least we should do
Mint Mumbai

Speak for the Earth: It's the least we should do

This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?

time-read
3 mins  |
November 15, 2024