Economists discover the power of social norms
That makes some policies better at tackling gender inequality than others
OVER THE past generation women have made substantial economic gains, even as progress on other measures of social equality has been uneven. Their average level of education has caught up to that of men across rich and poor countries alike. Indeed in much of the rich world the share of young women with a college degree is now above that of men. Income may be divided less equally across the workforce as a whole, but it has become more evenly spread between men and women. In America women account for nearly 30% of the top tenth of earners, up from 5% in the 1960s. That said, progress is far from complete. Gaps in labour-force participation and pay persist. The nature of the obstacles holding back further progress has changed. Although economics ought to be keenly interested in such matters, not least because of gender inequalities in the profession, it has not always been of much help in understanding them. That is changing, however, in ways that could transform the field.
This article appeared in the Finance & economics section of the print edition under the headline “Progress of a sort”
Finance & economics February 8th 2020
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