Monday, October 29, 2007

Presto! Gender Gap Reversed!

I'm highly skeptical about this post (via Ezra) that claims women seem to be reversing the gender gap worldwide. Good news! All those feminists can pack up their bags and go home! Inequality doesn't exist anymore!

While it's certainly good news that women are making leaps in closing the education gap, I tend to think that this doesn't actually translate to equality in wages or status. The same goes for the labor participation factor. Sure, women around the world are working more, but they're working for extremely low wages. The claim that, "More couples will have a more educated wife whose income earning capacity will exceed that of their husbands" is rosy and optimistic. I'm no economist, but I think this will actually be a much slower transformation than Hausmann seems to predict.

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