Women graduates increasingly put their partner’s career first after they graduate | Daily Mail Online

R1412G_E

R1412G_F

Women are increasingly putting their husband’s career before their own, a controversial new study of Harvard Business School graduates has found.

It canvassed over 25,000 male and female students, and found 40 percent of Gen X and boomer women said their spouses’ careers took priority over theirs.

The researchers also said only about 20 percent of them had planned on their careers taking a back seat when they graduated.

This gender gap  found by Robin Ely, Colleen Ammerman and Pamela Stone can be better explained by the marriage market combined with assortative mating.

1. Harvard business graduates are likely to marry each other and form power couples.

2. There tends to be an age gap between men and women in long-term relationships and marriages of say two years.

This two year age gap means that the husband as two additional years of work experience and career advancement. This is highly likely to translate into higher pay and more immediate promotional prospects.

Maximising household income would imply that the member of the household with a higher income, and greater immediate promotional prospects stay in the workforce.

It is entirely possible that women to anticipate this situation both in their subject choices and career ambitions.

Claudia Goldin found that the wage gap between male and female Harvard graduates disappears in the presence of one confounding factor.

That confounding factor is obvious: the male in the relationship earns less. When this is so, Goldin found that the female in the relationship earns pretty much as do similar male Harvard graduates, except for the fact that they work less hours per week:

We identify three proximate factors that can explain the large and rising gender gap in earnings: a modest male advantage in training prior to MBA graduation combined with rising labour market returns to such training with post-MBA experience; gender differences in career interruptions combined with large earnings losses associated with any career interruption (of six or more months); and growing gender differences in weekly hours worked with years since MBA.

Differential changes by sex in labour market activity in the period surrounding a first birth play a key role in this process. The presence of children is associated with less accumulated job experience, more career interruptions, shorter work hours, and substantial earnings declines for female but not for male MBAs.

The one exception is that an adverse impact of children on employment and earnings is not found for female MBAs with lower-earning husbands.

This sociological evidence reported in the Daily Mail is entirely consistent with the choice hypothesis and equalising differentials as the explanation for the gender wage gap. As Solomon Polachek explains:

At least in the past, getting married and having children meant one thing for men and another thing for women. Because women typically bear the brunt of child-rearing, married men with children work more over their lives than married women.

This division of labour is exacerbated by the extent to which married women are, on average, younger and less educated than their husbands.

This pattern of earnings behaviour and human capital and career investment will persist  until women start pairing off with men who are the same age or younger than them.

via Women graduates increasingly put their partner’s career first after they graduate | Daily Mail Online.

Global warming has paused for 19 years

Professor Ross McKitrick from the University of Guelph in Canada studied land and ocean temperatures since 1850. He compared this to satellite data from 1979 to 2014. By plotting trends in this data, he has concluded that global warming has been on pause for 19 years (illustrated)

via ‘Global warming has been on pause for 19 years’: Study reveals Earth’s temperature has remained almost CONSTANT since 1995 | Daily Mail Online.

Two waiters serve two steel workers lunch on a girder above New York City, 1930

Image

“The Rise and Fall of General Laws of Capitalism,” D. Acemoglu & J. Robinson (2014)

A Fine Theorem

If there is one general economic law, it is that every economist worth their salt is obligated to put out twenty pages responding to Piketty’s Capital. An essay by Acemoglu and Robinson on this topic, though, is certainly worth reading. They present three particularly compelling arguments. First, in a series of appendices, they follow Debraj Ray, Krusell and Smith and others in trying to clarify exactly what Piketty is trying to say, theoretically. Second, they show that it is basically impossible to find any effect of the famed r-g on top inequality in statistical data. Third, they claim that institutional features are much more relevant to the impact of economic changes on societal outcomes, using South Africa and Sweden as examples. Let’s tackle these in turn.

First, the theory. It has been noted before that Piketty is, despite beginning his career as a very capable economist theorist (hired…

View original post 503 more words

Traffic Jam near the Brandenburg Gate after the fall of the Berlin Wall, 1989.

 

Great, Greater, Greatest – Three Finnish Depressions

The Market Monetarist

Brad DeLong has suggested that we rename the Great Recession the GreatER Depression in Europe as the crisis in terms of real GDP lose now is bigger in Europe than it was it during the Great Depression.

Surely it is a very simplified measure just to look at the development in the level of real GDP and surely the present socio-economic situation in Europe cannot be compared directly to the economic hardship during the 1930s. That said, I do believe that there are important lessons to be learned by comparing the two periods.

In my post from Friday – Italy’s Greater Depression – Eerie memories of the 1930s – I inspired by the recent political unrest in Italy compared the development in real GDP in Italy during the recent crisis with the development in the 1920s and 1930s.

The graph in that blog post showed two things. First, Italy’s real…

View original post 654 more words

Richard Posner on behavioural economics and its real-world applications

 

The Son Becomes The Father

JayMan's Blog

Source - http://www.graciemag.com/2012/05/jiu-jitsu-from-father-to-son/A vigorous discussion has been triggered by the release of Gregory Clark’s The Son Also Rises: Surnames and the History of Social Mobility. In this book, Clark details his work which shows a large transmission of status from generation to generation, all across the world, going back centuries. The discussion has raged on the mode of this transmission. How does it occur? Clark found that when you look at surnames, which trace paternal lineages, you find that the status of families today is related to their status centuries ago. That is, surnames associated with high status in the past are over-represented among high status individuals today, and vice versa. This pattern holds across much of the world, from England, to Sweden, to Japan, to Korea, to China, to Chile. The pattern goes back centuries – Normans surnames are still overrepresented among the English elite. The descendants of the samurai…

View original post 3,020 more words

US corporate earnings vs. European corporate earnings

Thomas Sowell (former Marxist) Dismantles Leftist Ideology

Previous Older Entries

West Hunter

Omnes vulnerant, ultima necat

Movie Nation

Informed film criticism, against the grain --since 1984.

Mind Hacks

Neuroscience and psychology news and views.

Gender Abolitionist

Examining Gender Identity ideology and its impact on Women's Sex based protections. Exploring how this has taken such firm root in Western societies (Cognitive & Regulatory Capture).

Helen Joyce

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

200-Proof Liberals

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Darwinian Business

A blog exploring business from an evolutionary perspective, by Max Beilby

Spin, strangeness, and charm

Politics, media bias, science, and psychology

Family Inequality

by Philip N. Cohen

What Paul Gregory is Writing About

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

TVHE

The Visible Hand in Economics

Kids Prefer Cheese

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

George Mason Economics Society

Provoking discussion by publishing economic writing

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

single sex spaces

Single sex spaces are a question of consent

Adventures of a Tudor Nerd

Tudor History from the Wars of the Roses to the Death of Elizabeth I

Weapons and Warfare

History and Hardware of Warfare

No Punches Pulled

Laughter – the best medicine

TannerOnPolicy

Politics and Policy with a Libertarian Twist

Notes On Liberty

Spontaneous thoughts on a humble creed

Map Dragons

Written by map lovers for map lovers

New Historical Express

(Formerly Hatful of History)

CONVERSABLE ECONOMIST

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Barrie Saunders

Thoughts on public policy and the media

The Victorian Commons

Researching the House of Commons, 1832-1868

Coyote Blog

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

American Enterprise Institute – AEI

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The History of Parliament

Blogging on parliament, politics and people, from the History of Parliament

Catallaxy Files

Australia's leading libertarian and centre-right blog

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Long Run

the EHS blog

%d bloggers like this: