The Effects of the Recession on Female Labor Markets

The Economist discusses the effects of the current recession on today's female labor markets. The article starts off by talking about the closing employment gaps between both sexes, then makes a point that although the difference in pay has narrowed, there is still a significant gap, despite the progress of laws that ensure equal pay for equal work. The explanation offered by the article is that both genders work in separate labor markets; females are concentrated in teaching, health care, and clerical work, but shy away from managerial positions, and math-oriented jobs, such as engineering. Of course, we know this from class. As discussed, women want jobs that are accommodating to maternity. It turns out that the most popular job for women is in the public-sector; it offers better pay over private industry for comparable skills and maternity arrangements are more generous. The recent debt crisis has drastically lowered the supply of public-sector jobs, and while men experienced a more severe drop in employment, women are experiencing a much slower recovery. The recession has also led many to consider starting up a business--this is particularly attractive for women. Unfortunately, whether as entrepreneurs or employees, women are still at a disadvantage.

http://www.economist.com/node/21539932