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Marketplace All-in-One

A conversation with Nobel Prize winner Claudia Goldin

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 13 October 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

What do couples lose when one person prioritizes their career while the other — oftentimes women in opposite sex pairings — focuses on flexibility and care responsibilities? Today, we’re joined by Harvard’s Claudia Goldin, who revolutionized the study of why women earn less and won the Nobel Prize in economics this week, to discuss “couple equity.” And later: The IRS reports that the “tax gap” totaled nearly $700 billion in 2021.

Transcript

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0:00.0

I talk to the newest winner of the Nobel Prize about couple equity, the extent to which

0:06.6

couples give one partner the big career and the other the lesser.

0:11.5

I'm David Brunkaccio.

0:12.5

It has been an exciting few days for the winner of the Nobel Prize in economics announced

0:17.0

this week, but I was able to get Harvard's Claudia Golden on the line during a quiet moment.

0:22.2

Golden revolutionized the study of how and why women are paid less and otherwise held

0:26.5

back from the same career trajectories as men, Dr. Golden, congratulations and thanks for

0:32.0

joining us.

0:33.0

I'm glad to be here.

0:34.7

Highly educated women who've gotten their way to the top now face you find the biggest

0:40.9

gender wage gaps.

0:42.3

I mean, why is that even for the most successful women?

0:45.8

Right, because a gap is a difference.

0:48.7

So that doesn't mean that days themselves aren't doing well.

0:52.8

They're not shedding tears for the lawyer who works at a boutique law firm, but we're

0:58.7

comparing her with an individual.

1:02.4

The wage gap is large because disproportionately women sort of step back and then step forward

1:12.3

in terms of their career when they have care responsibility.

1:16.9

Now, I mean, I take your point that if someone's making a lot of money at the top of their

1:21.8

careers.

1:22.8

The raw amount of the wage gap that should be of great concern, but there is a fairness

1:29.9

issue that could cause people to be upset, right?

...

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