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Spinning the top: gender competition, and the long-run optimum.(4 WOMEN'S ROLE IN THE MACROECONOMY)
- Article from:
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Regional Review
- Article date:
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January 1, 2005
- Author:
- Folbre, Nancy
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Copyright informationCOPYRIGHT 2005 Federal Reserve Bank of Boston. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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REACHING THE TOP, the theme of this conference, seems like an excellent goal. Still, it is useful to consider more carefully what constitutes the top and in which direction the top lies. "Up" is perhaps the obvious answer. But as any mountaineer can tell you, the path to the summit often winds around many smaller peaks. Or, in mathematical terms (the preferred currency of the economics profession), a local maximum is not necessarily a global maximum.
It may seem implausible to many highly skilled professionals that aspirations to top management in a Fortune 500 company could represent less than a global maximum. But that is the conclusion to which this article leads. ...