Money Talks: Goldin rules
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 12 October 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
It’s that time of year when an economist is woken by an early call from the Nobel Committee in Sweden. This year, it was the turn of Claudia Goldin, whose work has revolutionised our understanding of gender in the labour market. And on this week’s podcast, we speak to her.
Hosts: Mike Bird, Alice Fulwood and Tom Lee-Devlin. Guests: Arjun Ramani, from The Economist; and Claudia Goldin.
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Transcript
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| 0:00.0 | If you were to look at the last 50 or 100 years, you might well think that women have always |
| 0:07.2 | been on an upward track when it comes to participation in the workplace. |
| 0:12.5 | Developing economic equality for most women means leaving their work at home to join the |
| 0:16.9 | labour force. |
| 0:18.4 | Over the past century, the proportion of women in paid work has tripled in many developed |
| 0:23.6 | high-income countries. |
| 0:25.3 | The same place is whether gender pay gap has been getting smaller. |
| 0:29.4 | The gender pay gap between full-time working women and their male counterparts is at its |
| 0:34.7 | nearest point ever here in the US. |
| 0:38.2 | So it'd be easy to conclude that economic growth is the driver of positive change for |
| 0:42.9 | women in the labour market. |
| 0:44.7 | And that was the received wisdom until one woman decided it was time to start asking |
| 0:49.6 | question. |
| 0:50.6 | I've always wanted to be a detective, I've been a detective since I was a little kid. |
| 0:56.2 | Claudia Golden is an American economist and in the 1980s, she decided to go back further |
| 1:02.0 | and investigate what women's work looked like over the past 200 years of American history. |
| 1:08.3 | Being a detective means that you have a question and the question is so important that you |
| 1:14.3 | will go to any end to find it. |
| 1:17.7 | That involved digging deep into the archives and pulling out data that people thought didn't |
| 1:22.5 | even exist. |
| 1:23.5 | In addition, the detective always believes that there is a way of finding the answer. |
| 1:30.4 | The answer that Claudia found is that during the steady economic growth in the 200 year period |
... |
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