Friday, January 29, 2010
The Freakonomics blog at the New York Times has an interesting Q and A with Claudia Golden and Lawrence Katz, two Harvard labor economists, about their gender wage gap studies: Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors (with Marianne Bertrand) and Transitions: Career and Family Life Cycles of the Educational Elite. Their data covered sixteen years of MBA graduates from the University of Chicago, and they found that much of the gender wage gap, although not all, could be explained by women disproportionately taking time out of work and reducing their hours (although they still worked long hours compared to non-MBAs) as compared to men. The time out and reduced hours depended, though, on spousal income.
They're interesting studies, and the Q & A is good, too.