Word: babcock
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Dates: during 2000-2009
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That's fine by Congress, which is considering a $5 billion "permanent disaster fund" to streamline these bailouts for persistent failures. "The system doesn't serve any consistent public-policy goal," says economist Bruce Babcock, director of Iowa State University's Center for Agricultural and Rural Development. "It only makes sense if the mission is finding ways to shovel money to farmers...
...economists who reviewed The Crimson’s data, Linda C. Babcock of Carnegie Mellon University, has found that men are more likely to negotiate their starting salaries, while women are more likely to accept their employer’s first offer. In a study of Carnegie Mellon business school graduates, Babcock found that 57 percent of men “asked for more”—while just 7 percent of women tried to negotiate...
...gender gap is narrowest in sectors that publicize information about starting salaries, according to research by Babcock and the Kennedy School’s Bowles. “So, one thing that career services [at Harvard] could do to help diminish the gap is to provide students with good information about the appropriate compensation standards for the types of jobs they are negotiating,” Bowles wrote in an e-mail...
...possible explanation offered by the study: "Women expect less and negotiate less pay for themselves than do men." Linda Babcock agrees. An economics professor at Carnegie Mellon and co-author of Women Don't Ask: Negotiation and the Gender Divide, she points to a host of cultural factors that influence women's expectations and actions practically from the day they are born. As the founder of Carnegie Mellon's PROGRESS (Program for Research & Outreach on Gender Equity in Society), Babcock is developing ways to teach negotiation skills to women and girls. One such tool is the Girls Scouts' new negotiation...
...have to start young," Babcock says. But for college girls and beyond, raising expectations may begin with shedding light on just how much women are getting shafted...