Claudia Goldin is only the third woman to win the Nobel Prize in economics and was the first woman in economics to be offered tenure at Harvard. So it’s fitting that the Nobel Prize committee tapped her based on her research about women at work.
Just what did Goldin study, and how can her findings help business owners reduce the professional gender gap?
The workplace values “greedy work”
Here is a snapshot of her research: Jobs that require “long and inflexible hours” pay the most — Goldin calls that phenomenon “greedy work.” In investment banking and law, clients want to work with one person and will pay a premium for those long hours and that dedication. Men have typically filled these jobs, while women have done the same work in less “greedy” environments — typically, in smaller firms or different career paths. Why? Babies, Goldin found.
To keep reading, click here: Nobel Prize Winner Claudia Goldin Studied Why Women Earn Less. Her Work Shows How Businesses Can Help Women Succeed