Word: saenz
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...Discrimination is not efficient economics," explains one undergraduate Ec concentrator, Hernan Saenz III '92. In the ideal world of modern economics, Saenz says, men and women of the same ability should receive the same compensation...
...average, a male of the same ability as a female gets paid 27 to 39 percent more," says Saenz, who is also a research assistant to the Harvard Institute of Economic Research and the Harvard Institute of International Development. "Neoclassical theory does not expect this...
...culture discriminates against women, but the sociological and cultural phenomenon is reflected in the economy," Saenz says. "Research in gender can lead nowhere. It can offer no solution except that culture must change. One needs to move out of economics to sociology, and this poses a problem for economists...
...solve something like gender discrimination, says Saenz, requires more than economic tools...
...says Saenz, economists who study the labor force must necessarily--whether they are male or female--deal with gender issues, especially as they continue to shape economic factors and public policy...