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Anorak | Women’s Lib Caused Rising Inequality!

Women’s Lib Caused Rising Inequality!

by | 29th, January 2014

Pickets from a group calling itself "Women's Liberation Party" march in front of the Convention Hall in Atlantic City, N.J. in protest of the annual staging of the Miss America Pageant, Sept. 7, 1968. (AP PHOTO)

 

YOU may think this is absurd but nevertheless it’s is actually true. From somewhere around a lot to all of rising household inequality has been caused by womens’ lib. Which is, of course, an exciting finding :

The economists test this by comparing the Gini coefficient against their model of what the Gini coefficient would have been if men and women married randomly. In 1960, the actual Gini coefficient in the U.S. was 0.34, almost indistinguishable from the Gini coefficient produced by their random model (0.33). That suggests there was very little assortative mating back then. (Think of all the executives who ended up with their secretaries.)

By 2005, the Gini coefficient was 0.43. That’s a big increase. What’s more, the economists found that “if people matched in 2005 according to the 1960 standardized mating pattern there would be a significant reduction in income inequality; i.e., the Gini drops from 0.43 to 0.35.”

To translate that out of the jargon for you.

Back in the day, before liberation, women tended not to work once they got married. Further, people tended to marry across income lines: no, not across social ones, but across income ones. Think of the

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Posted: 29th, January 2014 | In: Money, News Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink