Goldin's work has helped make the world a better place
Mint Mumbai|October 12, 2023
The Nobel laureate saw employees as people first and that has made a positive difference
RAHUL JACOB

In a research paper that Claudia Goldin co-authored years ago, this year's Nobel laureate in Economics documented how pay for women in major US symphony orchestras rose after so-called 'blind' auditions were introduced in the 1980s, where musicians seeking a job performed behind a screen. In a paper just this month, Goldin's keen eye for revealing details prompted her to compare how many references there were in newspapers of the 1960s to equal rights legislation with a count of references to "hot coffee" and "ice cream cones."

Goldin's new paper, titled 'Why Women Won,' documents how prohibitions against sex discrimination were sometimes fortuitously inserted into important civil rights legislation in the early 1960s to give African-Americans equal rights. And in a case of art predicting real-life events and her writing is artistic and moving-she won the Nobel Prize in Economics days after that paper was published, only the third woman to do so.

Removing discrimination against women and minorities boosts economies, lends diversity to workplaces and corrects historical injustices. Often overlooked in our triumphalist narrative on digital inclusion is India's low workforce participation rate for women and how this rules out an East Asian-style development trajectory.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT MUMBAIView all
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
Mint Mumbai

Aim for an efficient carbon market right from the start

India's economy is projected to grow dramatically over the next few decades. In nominal terms, it may double in size by 2030. This is exciting, but it comes with a significant risk.

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

Why health insurers refuse to cover certain treatments

While 12 modern treatments are covered, many advanced procedures are yet to be included

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

Address economic distress with structural reforms and not doles

Cash transfers may offer short-term relief but raising worker incomes is the only lasting solution

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

FUNDING FOREIGN EDUCATION: SHOULD YOU SAVE OR BORROW?

Education financing needs vary, but early planning is key to building your desired corpus

time-read
2 mins  |
November 15, 2024