• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Economics and Gender

On Wednesday, December 11, 2013, Nancy Folbre, Professor  of Economics,  University of Massachusetts Amherst, USA,  will give a talk at the  Faculty of Sociology of the HSE  within the International Research Seminar Series ‘Sociologies of Morality’. She is a feminist economist  who focuses on economics and the family (or family economics), non-market work and the economics of care. She was elected president of the International Association for Feminist Economists in 2002, and has been an associate editor of the journal Feminist Economics  since 1995.

We spoke to Nancy Folbre before the lecture.

— Could you please introduce the main postulates of the feminist political economy?

— Feminist political economy centers on the notion that gender inequality has important economic causes and consequences. Some feminist political economists, like myself, view patriarchy as a system like capitalism with "laws of motion" that are similar though never identical across different historical circumstances and time periods. This approach differs from traditional Marxian theory in significant ways, rejecting any narrow emphasis on production or the labor theory of value and emphasizing the ways in which systems such as patriarchy, feudalism, capitalism, and state socialism may overlap and interlock, rather than succeeding one another in discrete stages. This approach also emphasizes "intersectionality" the ways in which inequalities based on gender, race/ethnicity, citizenship, and class may intersect, creating complex strategic environments in which one or another form of group identity may sometimes be more, sometimes less important. 

— What aspects of gender inequality are the most urgent today for the global economics?

— This varies by country and context. In the U.S. women have gained access to relatively well-paying occupations and increased their personal and political bargaining power, though this trend seems to have slowed in recent years. It appears that a major problem for U.S. women today is that they continue to bear a disproportionate share of the costs of caring for children and other dependents. In other countries, however, women continue to face major legal barriers and outright discrimination. 

— How can these problems be solved?

— No one knows exactly how these problems can be solved. But it seems apparent that dynamic capitalist development tends to increase women's opportunities as individuals, partly by discouraging specialization in unpaid family work that leaves women with little bargaining power. On the other hand, capitalist development tends to increase the relative costs of family care, and tends to benefit single women more than those with children or elderly family members to care for. 

Game theory and collective bargaining models provide a way of explaining changes and intersectionality comes into play. For instance, when there are very large class differences among women, feminist mobilization is retarded. Women tend to mobilize around gender issues more effectively when they are less divided by class, race/ethnicity, and other dimensions of collectivity identity. 

The so-called welfare state also plays an important role, because it provides social insurance that reduces the cost and risk, to women, of caring for dependents. 

— Have you been cooperating with any Russian researchers? Or do you have any plans on such collaboration?

— I have not had the opportunity to cooperate with Russian researchers, and have not found much research on feminist political economy in Russia other than a classic book by Gail Lapidus, Women in Soviet Society, that influenced my early thinking about patriarchal systems. 

—  What are your professional expectations of the visit to the HSE Moscow?

— I hope to learn more about recent social and economic changes in Russia, and am particularly eager to meet researchers interested in gender inequality.

Anna Chernyakhovskaya, specially for the HSE news service

See also:

Consumer Prices Decrease in Densely Populated Areas

HSE University economists have proposed a novel approach to modelling monopolistic competition with heterogeneous firms and consumers. The results of collaborative research carried out by Alexander Tarasov from Moscow, his co-authors from HSE University–St Petersburg, together with the Norwegian School of Economics, the University of Pennsylvania, and the Free University of Brussels, have been published in American Economic Journal: Microeconomics.

Football Players Cover Greater Distances During Critical Derby Matches at Home Arena

Researchers at the HSE Faculty of Economic Sciences examined the level of effort that professional football players are willing to exert during a match in absence of financial incentives. It appears that the primary factors driving players to strive harder for victory are the strength of the opponent and the significance of the match for the club. This is particularly noticeable in derby matches between teams from the same city, such as the Moscow derby between CSKA and Spartak on April 25, 2024. The study has been published in the Journal of the New Economic Association

Participation in Crowdfunding Can Generate up to 73% in Returns Annually

Backers of projects on crowdfunding platforms can expect rewards from their pledges. For example, funding someone's idea on Kickstarter can result in an average annual return of 11.5%, with design projects known to deliver returns as high as 70%. However, it is important to note that these returns do not come in the form of direct cash payments but rather as savings on the purchase of the product once it hits the market. This has been demonstrated in a study by researchers at the HSE Faculty of Economics published in Economic Analysis Letters.

Economists Suggest Using Media's Attention to Bitcoin to Predict its Returns

Researchers at the HSE Faculty of Economic Sciences have studied the relationship between the changes in the bitcoin prices and the media attention to this cryptocurrency. The researchers examined the mentions of bitcoin in the media between 2017 and 2021 and built a mathematical model that revealed the strong relationship between media attention and bitcoin prices. The study was published in the Applied Stochastic Models in Business and Industry journal.

HSE Economists Develop a Model for Sustainable Solar Geoengineering Agreements

Researchers at HSE University and George Mason University have investigated the sustainability of prospective international agreements on solar geoengineering. The authors have proposed a scheme in which payments flow from affluent nations to less wealthy ones; an arrangement which sets their proposal apart from traditional systems. The proposed model aims to dissuade more vulnerable countries from excessive use of the prevalent geoengineering method by providing compensation for the potential damage they may incur and supporting their adaptation to climate change. The paper has been published in Environmental and Resource Economics.

Crypto Investors Receive Downside Risk Premiums

Victoria Dobrynskaya, Assistant Professor at the HSE Faculty of Economic Sciences, has analysed the price dynamics of 2,000 cryptocurrencies from 2014 to 2021 and investigated the association between downside risks and average returns in the cryptocurrency market. As it turns out, cryptocurrencies exhibiting a greater risk tend to yield higher average returns. The study has been published in International Review of Financial Analysis.

Results of the Contest to Predict Nobel Prize Winners in Economics

Claudia Goldin's award was predicted by five people. They are Olga Peresypkina (RSVPU), Anastasia Sirotina (first-year student of the Bachelor's in Applied Mathematics and Information Science at HSE University), Mikhail Shabanov (Global Vision Asset Management LLC), Tatul Hayrapetyan (PhD student at the Stanford Graduate School of Business), and Hemant Kumar (Ettumanoorappan College, Kerala, India).

Financial Sector Risks Can Hinder Transition to Green Economy

According to HSE and MGIMO economists, increased financial sector risks in developed countries may be associated with a higher carbon footprint in banks' loan portfolios. This is likely due to the fact that in response to an unstable economic situation, banks tend to issue more loans to companies that have a detrimental impact on the environment. Although this might yield short-term profits for the banks, such trends hinder humanity's progress towards achieving a green economy. The paper has been published in Environmental Science and Pollution Research.

Winner of 2023 Nobel Prize in Economics Announced

The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 to Claudia Goldin (Harvard University, Cambridge, MA, USA), ‘for having advanced our understanding of women’s labour market outcomes.’ According to the Nobel committee, Professor Goldin has uncovered key factors that determine gender differences in the labour market.

Millennials Are Three Times Ahead of Zoomers in the Monetised Creator Economy. Even Boomers Outperform Them. Okay Then…

A group of specialists from the HSE Institute for Cultural Studies, Vitaly Kurennoy, Alexander Suvalko and Maria Figura, have determined two main trends that are actively shaping the image of the creative economy and culture in 2021-2023: the creator economy and the maker economy.