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The Long Road Towards Women's Equality in the Labour Market - Claudia Goldin's Research on Historical Trends and Contributing Factors

Author

Listed:
  • Judit Edit Futo

    (University of Debrecen)

  • Anna Lovasz

    (University of Washington Tacoma)

Abstract

Claudia Goldin won the 2023 Nobel Prize in Economics for her research on women in the labour market. Her body of work provides a broad, data-driven, historical overview of gender inequalities and evidence of the impacts of specific changes and institutional elements. We review her main findings regarding the evolution of women's employment and earnings in light of key historical events. She documented a U-shaped labour supply curve over time, which challenged past notions of a monotonous positive relationship between economic development and women's labour supply. Her work brought attention to complex forces that shaped the past, such as the rise of factory jobs, service-sector jobs and the contraceptive pill. Her research also points to remaining causes of inequalities, such as high-earning professions that disproportionately favour long work hours and continuous job attachment. Her work contributes to our knowledge of this social issue and has catalysed new areas of research.

Suggested Citation

  • Judit Edit Futo & Anna Lovasz, 2024. "The Long Road Towards Women's Equality in the Labour Market - Claudia Goldin's Research on Historical Trends and Contributing Factors," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 23(1), pages 135-154.
    • Handle: RePEc:mnb:finrev:v:23:y:2024:i:1:p:135-154
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    References listed on IDEAS

    as
    1. Goldin, Claudia, 1992. "Understanding the Gender Gap: An Economic History of American Women," OUP Catalogue, Oxford University Press, number 9780195072709.
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    More about this item

    Keywords

    Nobel prize; women's labour market participation; gender pay gap;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing

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