economics

What’s really holding women back when it comes to money

As I prepare for the AIM Great Debate in Canberra on closing the gender salary gap on 23 June 2017 I've been looking at the economics of gender.  Our team is researching and exploring the data and arguments for both sides of the coin - Whether closing the gender salary gap will close the gender gap itself. I'm on the negative.

There is so much to explore including -

  • The data around the gender salary gap,
  • Bias, gender stereotypes and negotiating,
  • Is the gender gap all about money?
  • Where else might women be penalised purely as a result of gender including the tax on being female (products for women that are more expensive and GST on feminine hygiene products)
  • Domestic violence,
  • Career choices,
  • Career breaks,
  • What happens industries or sectors become feminised,
  • Representation of women in positions of power including public, NFP and
  • And the superannuation gender salary gap - the legacy that takes years to emerge.
Money, power and freedom by Dr Richard Denniss

The link below contains excellent information from a speech that the Dr Richard Denniss, Chief Economist at The Australia Institute, gave for the Breakthrough 2016 event on what’s really holding women back when it comes to money.  

Thanks to The Victorian Trust for their article The Three Big Lies Holding Women Back.

"Denniss’ keynote address breaks down the untruths we’re sold about women’s economic security. In short—the time for research and data collection is over—we need action!"

 

READ MORE ...

(You won't be disappointed.)

When Teamwork Doesn’t Work for Women (Research by Heather Sarsons) - New York Times

New York Times article - Economic View - By JUSTIN WOLFERS JAN. 8, 2016

Economics remains a stubbornly male-dominated profession, a fact that members of the profession have struggled to understand.

After all, if the marketplace of ideas is meant to ensure that the best ideas thrive, then this imbalance should arise only if men have better ideas than women. That implication infuriates many female economists. Now new evidence suggests that the under-representation of women reflects a systemic bias in that marketplace: a failure to give women full credit for collaborative work done with men.

At least that is the conclusion of research by Heather Sarsons, a brilliant young economist currently completing her dissertation at Harvard. And it is a pattern that may explain why women struggle to get ahead in other professions involving teamwork.

READ MORE ....

Or more on collaboration and women

Study Says Women Don’t Get Credit When They Work With Men - The Cut

By Dayna Evans - 11 January 2016

We all remember the dreaded middle-school group project. There would be four or five people, all tasked with the same goal, but only one of them would actually do the work, and when the project was graded, everyone — no matter their level of commitment or competence — would wind up with the same grade. Well, it turns out that the miseries of underrecognized hard work on group projects persists long after middle school. Or at least it does for women.

Heather Sarsons, a Ph.D. candidate at Harvard, explored this phenomenon with a study in which she looked at "CVs from economists who went up for tenure between 1975 and 2014 in one of the top 30 PhD-granting universities in the United States." She found a bias toward men in instances where men and women co-authored research papers, and found that co-authoring with men was a disability for women in their work, a phenomena she calls a "co-author penalty."

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