WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

46
WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY

Transcript of WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Page 1: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

INTRODUCTIONCHERYL CARLETON ASHER

VILLANOVA UNIVERSITY

Page 2: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

There have been rapid and large changes in the roles of men and women

At work In relation to each other In the nature of families

Page 3: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

There has been much focus on the rising labor force participation of women

There has been a focus in the press on the rise of women in nontraditional occupations, and on women who are “first” in their field.

Page 4: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy Example: Nancy Pelosi

Let’s look at some general trends in labor force participation for all adults, and for women: all women, married women, mothers

DEFINE LFP: NOTE: in 2005 the civilian

noninstitutional population of the US was 226 million.

Page 5: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

What has been the trend? See Figure 1 from Changes in Labor

Force Participation in the United States by Juhn and Potter

Page 6: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Page 7: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Why are trends in LFP so important? See Bernanke’s comments

What are the trends for men and women?

See Figure 2 and Table 2 in Changes in Labor Force Participation in the United States by Juhn and Potter

Page 8: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Page 9: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Page 10: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Page 11: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

What led to the change? Demand Side Factors Supply Side Factors Changing Social Norms Legal Changes

Page 12: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Implications for the future? Also see articles on changing benefits

offered by firms!

Page 13: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE LABOR FORCE

2004:

With a labor force participation rate of 59.2 percent, women represented 46 percent of the total United States labor force.

Women are projected to comprise 47 percent of the total labor force in 2012 as they did in 2003. They will also account for 55 percent of the increase in total labor force growth from 2002-2012.

Page 14: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE LABOR FORCE There were 64.7 million employed women in the U.S. in 2004.

Seventy-four percent worked full time, while the remaining 26 percent worked part time.

The largest percentage of employed women (38 percent) worked in management, professional, and related occupations, while 35 percent worked in sales and office occupations.

Smaller percentages worked in service occupations, 20 percent; 6 percent worked in production, transportation, and material moving occupations; and 1 percent worked natural resources, construction, and maintenance occupations.

Approximately 4 million women were self-employed in nonagricultural industries. These self-employed women represented nearly 6 percent of all employed women.

Page 15: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE LABOR FORCE

The seven occupations with the highest median weekly earnings among women who worked full-time in 2004 were pharmacists, $1,432; chief executives, $1,310; lawyers, $1,255; computer and information systems managers, $1,288; computer software engineers, $1,149; computer programmers, $1,006; physicians and surgeons, $978; and human resource managers, $958.

Souce: U.S. Department of Labor, Bureau of Labor Statistics.

Page 16: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women in the Economy

Examine current occupational and industry distribution

Page 17: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

OCCUPATIONAL DISTRIBUTION

While women’s labor force participation has been increasing, it is also of interest to examine WHICH jobs, or occupations women are entering

Compared with the impressive change in women’s LFP, the kinds of occupations in which women have been employed has changed relatively little

(see data) (Table 5.1)

Page 18: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Occupational Differences

NOTE: These are MAJOR occupational categories (more later!_

What are the three largest categories for women?

What are the three largest categories for men?

Page 19: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

OCCUPATIONAL DISTRIBUTION

The BROAD occupational categories, especially professional and technical workers, has been relatively gender integrated over time.

KINDS of prof. and technical jobs held by women and men are quite different

(see Table 5.4)

Page 20: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Occupational Distribution

If we look WITHIN this occupational category, what do we observe? Certain occupations are dominated by

women, and have been for decades Which occupations have women

made substantial inroads into?

Page 21: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

OCCUPATIONAL DISTRIBUTION

These are aggregations of disparate JOBS (more on this later)

Example: women in the occupational category “Baker” tend to hold jobs in store bakeries, male bakers are concentrated in more lucrative production baking jobs

Page 22: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Industry Distribution

See Table 5.2 The ranks of women are concentrated

in a few industries: consumer products, financial services, retail, publishing, and media

All these are businesses with a large number of women customers

Page 23: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women and College

See article by Goldin, Katz and Kuziemko, The Homecoming of American College Women, Figure 1 (figure on next slide).

. What is the level of education of your Moms, Dads, and/or grandparents?

Page 24: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women and College

Page 25: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women and College Ratio of men to women in college

in 1960:

Ratio of men to women in college in 1980:

Ratio of WOMEN to MEN in college in 2003:

Page 26: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women and College What is the connection between

women’s enrollment in college and women’s labor force participation?

What factors do YOU think determine whether an individual attends college and graduates?

What do the authors believe is the source of the “College Gender Gap Reversal?”

Page 27: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

While women have made progress in the work place, they still continue to have MOST of the responsibility for nonmarket work

There is still a great deal of occupational differences between men and women

There still exists a “glass ceiling” for women

Page 28: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE LABOR FORCE

Only 1.4% of Fortune 500 CEOs are women

Only 7.9% of Fortune 500 top earners are women

The world’s biggest companies are still almost exclusively run by men

In academia there is a big gap in the representation of women in science and engineering

Page 29: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

Women and the Glass Ceiling

See CNNMoney.Com article, “10 Best-Paid Executives: They’re all men”

Also see, “CEO Barbie Criticized for Promoting Unrealistic Career Images” in The Onion.

Page 30: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE LABOR FORCE

WHY? Harvard President Larry Summers

suggested it might be because: Women are not so interested as men in

making the sacrifices required by high-powered jobs

Men may have more “intrinsic aptitude” for high-level science

Women may be victims of old-fashioned discrimination

Page 31: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE LABOR FORCE

GENETIC SOCIALIZATION DISCRIMINATION

Page 32: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

Is there/was there a “traditional” role for men and women?

What influences the development of these roles? Biology Social norms Economic necessity discrimination

Page 33: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

Are there biological differences? Do any biological differences mean that

men and women are each better suited to different tasks?

What makes a good leader? Is science an objective pursuit, or are

our methods of discovery even influenced or “tainted” by social norms and culture?

Page 34: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN IN THE ECONOMY

The Science Wars, by Sharon Begley, Newsweek, April 21, 1997, pp. 54 – 56

Questions is science an objective pursuit

Critics say the questions it asks, the way it interprets observations, even what counts as data is subject to the political, cultural and social influences of the time.

Page 35: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

THE SCIENCE WARS

Thus science itself can be considered a “social construct” and its discoveries and conclusions have no special claim on truth.

So, society and culture affect WHAT gets studied. Affects acceptable roles for women. Affects what we question (or don’t question).

Page 36: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

THE SCIENCE WARS

Examples of “fashionable ideas” affecting what becomes accepted as scientific truth

Examples of studies “proving” the intellectual inferiority of women, blacks, or immigrants

Page 37: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

THE SCIENCE WARS

Last paragraph: “The real trick for scientists, and for those who base public policy on their work, is to tell when the research is still being skewed by social and political values and when those biases have been recognized and neutralized by the scientific method.”

Page 38: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

MEN’S AND WOMEN’S BRAINS

“Who says a Woman Can’t be Einstein?”, by Amanda Ripley, TIME magazine, March 7, 2005, pp. 51 – 60

Examines the issue of whether indeed men’s and women’s brains are different, and if so, what does it matter.

There are indeed real differences between the male and female brain

Page 39: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

BIOLOGICAL DIFFERENCES

However, the brain is not static, the brain constantly changes in response to its environment.

Haier, one of the researchers, notes, “Men and women have different brain architectures, and we don’t know what they mean”.

Page 40: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

BIOLOGICAL DIFFERENCES One of the sociologists, whom Summers

cited, states that “I don’t exclude biology as an explanation, but I know biological factors would not play a role unless they interacted with social conditions.”

Thus, while there are biological differences between men and women, they don’t explain all the variations one observes

Page 41: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN’S ROLES IN SOCIETY

The relative status of women has varied over time and across societies.

What determines status? Property ownership The structure of social relationships (do

men and women share in providing for the family, or do men occupy the public sphere, while women are confined to the home?)

Page 42: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN’S ROLES IN SOCIETY

U.S. experience: Preindustrial period Industrialization

Family shifted from a production unit to a consumption unit

Men earned the living; women and children were dependent on the husbands/fathers earnings

Thus the economic role of women changed within the family as did the image of the ideal wife

Page 43: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN’S ROLE IN SOCIETY

This provided the genesis for the “traditional” family.

This abstracts from the fact that in many poor, black and immigrant families women worked.

Dedication to the role of mother and wife was accepted as the only proper role for a woman.

Page 44: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN’S ROLE IN SOCIETY

In more recent years, women have been entering into the labor force in increasing numbers, and staying there even after marriage and children

We will explore the reasons for these changes thruout the course

But again, the role of women in society is changing

Page 45: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN’S ROLE IN SOCIETY

SOME CONCLUSIONS: The role of women and men in society and

the social rules that prescribe appropriate behavior are NOT shaped by biology alone

The more women participate in “productive” work, the less likely they are to be seen as dependents, defined solely in terms of their role as wife and mother

Page 46: WOMEN IN THE ECONOMY INTRODUCTION CHERYL CARLETON ASHER VILLANOVA UNIVERSITY.

WOMEN’S ROLE IN SOCIETY

The roles of women and men tend to hold long after they cease to be functional.