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.
Bu hikaye Mint Mumbai dergisinin October 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin October 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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
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
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.
When pets get cancer
Advances in veterinary sciences have enabled several treatments, but early detection can make all the difference
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
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
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.
Baku: A climate breakthrough looks depressingly bleak today
The success of fossil fuel-favouring politics threatens the planet
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
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?