Globally, women earn 77 cents for every dollar men earn, according to the United Nations Entity for Gender Equality and the Empowerment of Women. At the current rate of change, it will take 70 years to achieve earnings equality. In the United States specifically, the picture is broadly similar.
Such disparities have become a subject of keen interest for many economists, thanks in part to the work of Harvard’s Claudia Goldin, who received her PhD at the University of Chicago and who won the 2023 Nobel Prize in Economic Sciences for her research into labor-market outcomes for women. To explore some of the themes of Goldin’s research, including the career impact of bearing and rearing children, Chicago Booth’s Kent A. Clark Center for Global Markets polled its US and European panels of economic experts.
David Autor, MIT
“It changed the structure of women’s work. It did not lift the burden of career versus family, which still falls much more heavily on women.”
Response: Agree
Larry Samuelson, Yale
“Many other changes occurred at the same time, so it is difficult to pick out individual developments as particularly important, but contraception appears to have played a role.”
Response: Agree
Agnès Bénassy-Quéré, Paris School of Economics
“I think both factors matter.”
Response: Disagree
Nicola Fuchs-Schündeln, Goethe University Frankfurt
“Occupational choices also play a role, but they are influenced by social norms and (expectations of) motherhood.”
Response: Strongly agree
Pinelopi Goldberg, Yale
“Two caveats: (1) It’s true for high-income countries, but less clear in other settings. (2) It’s not clear we want everyone to work shorter hours (unless we manage to expand the labor force).”
Response: Agree
Christopher Udry, Northwestern
“The evidence on this is more mixed than it is on the first two.”
Response: Agree
Chicago Booth’s Michael Weber explains how tariffs—or the anticipation of them—could affect prices.
Trumponomics: Expect Higher Inflation—with or Without Tariffs
Chicago Booth’s Sam Peltzman analyzed nearly 50 years of data to identify the factors most associated with happiness.
Infographic: Which Americans Are Happiest?
Some green projects are enjoying a boost thanks to unconventional cost-of-capital calculations.
A Golden Age for Green Investment?
Corporations, their lobbyists, and many economists have argued that corporate tax cuts will stimulate economic growth. They’ll also stimulate tax-motivated loss-shifting activity.
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In a speech last Tuesday to workers at an Amazon facility in Tennessee, President Obama gave Congress some new ideas about proposed tax reform while repeating his earlier support for cutting the corporate tax rate to 28 percent from 35 percent.
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Throwing away cash to report false earnings.
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“Conduit” or “pass-through” entities include S corporations, partnerships, and limited liability companies (LLCs). With conduit entities, there is no tax at the entity level. Instead, all income or loss flows through to shareholders, who report these earnings on their own income tax returns.
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Acquirers are willing to pay a premium acquisition price to obtain the tax benefits derived from the election.
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