We’ve written before about Claudia Goldin and Larry Katz‘s research on the persistent gender wage gap in the U.S. Now Goldin and Katz are back with a new working paper (abstract; PDF) on “the most egalitarian of all U.S. professions today”:
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Pharmacy has become a female-majority profession that is highly remunerated with a small gender earnings gap and low earnings dispersion relative to other occupations. We sketch a labor market framework based on the theory of equalizing differences to integrate and interpret our empirical findings on earnings, hours of work, and the part-time work wage penalty for pharmacists. Using extensive surveys of pharmacists for 2000, 2004, and 2009 as well as samples from the American Community Surveys and the Current Population Surveys, we explore the gender earnings gap, the penalty to part-time work, labor force persistence, and the demographics of pharmacists relative to other college graduates. We address why the substantial entrance of women into the profession was associated with an increase in their earnings relative to male pharmacists. We conclude that the changing nature of pharmacy employment with the growth of large national pharmacy chains and hospitals and the related decline of independent pharmacies played key roles in the creation of a more family-friendly, female-friendly pharmacy profession. The position of pharmacist is probably the most egalitarian of all U.S. professions today.
In the SuperFreakonomics Virtual Book Club, we invite readers to ask questions of some of the researchers and other characters in our new book. Last week we opened up the questioning for Claudia Goldin and Lawrence Katz, labor economists and experts on the male-female wage gap. Read More »
In the previous installment of our virtual book club, Sudhir Venkatesh answered your questions about his research on street prostitution.
Now, moving on to another section of Chapter One, here’s your chance to ask a pair of researchers about a central and pressing fact of U.S. economic life: the enduring wage gap between men and women. Read More »
For those of you who like a little more serious brand of economics, Harvard economists Claudia Goldin and Larry Katz have an excellent new book entitled The Race Between Education and Technology. Here is what I said about it on the book jacket: A masterful work by two leading economists on some of the biggest […] Read More »