Career or Family: A Woman’s Difficult Choice (On the Nobel Prize in Economics in 2023)

Author:

Voronov Yu. P.1ORCID

Affiliation:

1. Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences

Abstract

   This article presents the achievements of the 2023 Nobel laureate in economics, Harvard University professor Claudia Goldin. The obstacles to women’s employment related to the fact that the initially established structure of jobs was focused on male labor are considered. The “quiet revolution” discovered by the laureate and consisting of a sharp increase in the age of first marriages and a switch in women’s motivation from earnings to careers is analyzed. The importance of flexible working conditions when women choose a place of work and increasing women’s participation in the economy was highlighted. As an example of maximum effort and approach to working conditions convenient for women, the laureate cites the pharmaceutical sector, both industry and trade. The problems of the existence of a “natural level” of women’s participation in the economy are touched upon. Finally, the impact of the 2021–2022 pandemic on women’s choice between career and family is examined.

Publisher

Financial University under the Government of the Russian Federation

Reference22 articles.

1. Goldin C., Glaeser E. L., eds. Corruption and reform: Lessons from America’s economic history. Chicago, IL; London: University of Chicago Press; 2006. 396 р. (National Bureau of Economic Research Conference Report).

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3. Douglas M. Purity and danger: An analysis of concepts of pollution and taboo. London: Routledge and Kegan Paul Ltd.; 1966. 244 p.

4. Goldin C. A pollution theory of discrimination: Male and female differences in occupations and earnings. NBER Working Paper. 2002;(8985). URL: https://scholar.harvard.edu/files/goldin/files/a_pollution_theory_of_discrimination_male_and_female_occupations_and_earnings.pdf

5. Milgrom P., Oster S. Job discrimination, market forces and the invisibility hypothesis. The Quarterly Journal of Economics. 1987;102(3):453–476. DOI: 10.2307/1884213

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