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

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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.

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

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Richard Posner on behavioural economics and its real-world applications

 

Judge calls for tourists to sit driving test – National – NZ Herald News

Speaking through an interpreter, Judge Phillips told Sun his driving was “nothing short of atrocious”.

“You were all over the road for no reason, you were drifting around corners, cutting corners and crossing the centre line.

“It’s a classic case of why people need to have examinations done before taking control of powerful rental cars on New Zealand roads.”

I don’t think a driver’s test would fix this obviously irresponsible driver of his lack of regard for the safety of others. He does not have a skill gap as a driver. He is just plain irresponsible.

via Judge calls for tourists to sit driving test – National – NZ Herald News.

The impact of the burglar resistant locks and windows on burglary rates

The Dutch government mandated the use of burglar-resistant locks and window and door frames in all new residential construction as of January 1, 1999. The regulation has now affected close to a million homes. The security was built-in and did not require any change in behaviour.

Figure 1:. Victimisation of burglary by year of construction of the home, the Netherlands

When comparing homes built just before and just after the change in the regulation, Vollaard and Van Ours (2011) found that homes with the built-in security to have a 26% lower rate of burglary.

HT: voxeu.org/reducing-invitation-crime

Human Capital, Development, and Growth | Lars Peter Hansen, Edward Glaeser, Claudia Goldin and Robert Lucas

What if We’re Looking at Inequality the Wrong Way? – NYTimes.com

Fig. 5

 

via What if We’re Looking at Inequality the Wrong Way? – NYTimes.com.

Impact of the Work of Gary S. Becker | James Heckman

The labour economics of Woody Allen

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Milton Friedman on bargaining power in the labour market

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Why schools can’t teach character – Toby Young

…character traits are inherited, not taught.

I’m not talking about moral qualities, such as honesty, compassion and altruism. It may be that these can be cultivated.

I mean performance-enhancing virtues, like stick-to-it-ness and the ability to bounce back from defeat, what exponents of character education call ‘grit’.

There’s a growing body of evidence that these traits are largely hereditable, that is, encoded in our DNA. If you exhibit any of these qualities, it’s overwhelmingly likely that your parents did, too.

And insofar as a child’s upbringing has any impact on the emergence of these qualities, it’s the peers they associate with during adolescence that matter, not their teachers.

via spectator.co.uk/toby-young-status-anxiety

Have @NZGreens accidentally published a chart showing substantial and pretty continuous real wages growth in recent decades?

https://twitter.com/scythicus/status/532301512169365504

Here’s what’s not sustainable: organic farming » AEI

Organic farming might work well for certain local environments on a small scale, but its farms produce far less food per unit of land and water than conventional ones.

The low yields of organic agriculture—typically 20%-50% less than conventional agriculture—impose various stresses on farmland and especially on water consumption.

A British meta-analysis published in the Journal of Environmental Management (2012) found that “ammonia emissions, nitrogen leaching and nitrous oxide emissions per product unit were higher from organic systems” than conventional farming systems, as were “land use, eutrophication potential and acidification potential per product unit.”

via Here’s what’s not sustainable: organic farming » AEI.

How Not to Be Poor | NCPA

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via How Not to Be Poor | NCPA.

The long-term solution to child poverty in New Zealand

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