Women have a long and prestigious history in economics, pioneering the field and solving some of society’s greatest problems.
Economics offers insights into many of the challenges that women face, whether in the workplace or at home. It provides frameworks that help us to navigate, understand and address issues such as the lack of parity in pay, access to education, career progression and caring responsibilities.
International Women’s Day 2022 called for us to ‘Break the Bias’. We have used economics to identify and define bias, as well as to find solutions to combat it. Dr Antara Dutta, Amazon’s In-House Economist, and two of our own economists—Principal, Katie-Lee English and Consultant, Lola Damstra—joined us in this discussion in our most recent podcast.
Last year, Helen Ralston, Partner, and Shreya Gupta, Senior Consultant, offered their thoughts on how economics can help us to shape more inclusive policy and recognise the contribution that women as a whole make to society.
A large body of academic literature has sought to explain why members of observably different groups fare so differently in the labour market. Theories of distaste towards certain groups, alongside ‘rational’ models of statistical discrimination, have attempted to explain the well-documented disparities in wages and employment rates that exist between those of different gender, race and nationality. In this article, Eduard Krkoska, Doctoral Candidate in Economics at the University of Oxford and former Oxera intern, explores how these theories interact with each other and develop over time. Read More
The Organisation for Economic Co-operation and Development (OECD) has launched an initiative to explore whether applying a gender ‘lens’ can help deliver more effective competition policy. As surveys are often used to help define markets and assess the impact of mergers, the OECD asked Oxera to assess gender differences in surveys carried out in past competition cases. What differences does our study find, and does gender matter in competition policy? Read More
Algorithms influence many aspects of our work and social lives. They affect what adverts we see, what shows we watch, and whether we get a job. As these tools become increasingly widespread, they pose new challenges to businesses. We look at concerns regarding the use of algorithms in areas where the role of computer programs and complex modelling has traditionally been limited, and consider whether AI might result in illegal discrimination Read More
Does modern economics value the work of men more than women, and if so, what can be done about it? The traditional approach to economics prioritises fee-earning work rather than unpaid housework and caring duties, which are undertaken largely by women. Sarah Long, Partner, Euclid Law, discusses the benefits of incorporating this unpaid contribution into competition law internationally Read More