Economic Rockstar

Connecting Brilliant Minds in Economics and Finance

March 3, 2016

075: Kate Bahn on Monopsony in the Market for Teachers and the Economics of Retirement

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075: Kate Bahn on Monopsony in the Market for Teachers and the Economics of Retirement

Kate Bahn is an economist at the Center for American Progress in Washington, D.C.Kate Bahn Economic Rockstar 2

Kate is also the co-founder and managing editor of Lady Economist, an amazing blog with rich content on how economics impacts women and girls.

Kate’s economics writing has been featured in the Guardian, the Nation, the Chronicle of Higher Education and Good Magazine among others.

She is also an active member of the International Association for Feminist Economics.

Kate received her PhD in Economics from the New School for Social Research, where she also worked as a researcher for the Schwartz Center for Economic Policy Analysis.

Kate’s scholarly research includes labor economics, gender in the economy, caring labor, and retirement.

Influencers:

Julie Nelson and Nancy Folbre

Economics:

In this episode, Kate mentions and discusses: monopsony, rents, labor markets, deadweight loss, retirement and risk aversion.

Economists:

In this episode, Kate mentions and discusses: Justin Wolfers, Nancy Folbre, Marina Adshade, Julie Nelson, Joan Robinson and Mesude Kongar 

In this episode you will learn:

  • what is a monopsony market
  • why early-career teachers leave their profession within the first five years.
  • about the International Association for Feminist Economics.
  • about the economics of retirement.
  • whether women are more risk averse than men or whether it is gender-stereotyping.
  • which US President should be removed from a US bill and what female should replace him.
  • and much more.

Research by Kate Bahn:

  • Bahn, Kate. (2015, July 17). Monopsony in Caring Labor: Job Search Models with Care as a Job Characteristic. Annual Conference of the International Association of Feminist Economics.
  • Bahn, Kate. (2013, July 10). Monopsony in Caring Labor: Estimating Labor Supply Elasticity of Teachers. Annual Conference of the International Association of Feminist Economics.
  • Bahn, Kate. (2013, January 5). Early Career Teachers and Gender Effects of Labor Market Decisions: Duration Analysis of the Beginning Teacher Longitudinal Study. Panel of the International Association of Feminist Economics at the American Social Science Academy Annual Conference.
  • Ghilarducci, Teresa, Saad-Lessler, Joelle, & Bahn, Kate. “Are U.S. Workers Ready for Retirement?” Journal of Pension Benefits. Winter (2015).

Other Writings:

Joseph Stiglitz taught me how to date by Kate Bahn

Books:

  • Invisible Heart by Nancy Folbre
  • Feminism, Objectivity and Economics by Julie Nelson
  • Angry Grad by Leah Bell

Podcast Episodes:

Papers:

Conference:

Where to Find Kate:

Podcast: Play in new window | Download

Related posts:

  1. 044: Nancy Folbre on Feminist Economics and the Care Economy
  2. 081: Julie Nelson on the Importance of Ecology in Economics and the Misconception of Gender Roles in the Economy
  3. 061: Roger Whitney on the Myths to Retirement Planning and the Lazy Mans Method to Saving
  4. 054: Christine Exley on the Economics of Volunteering, Market Failure in the Homeless Dog Market and Wagaroo

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Comments

  1. Interesting discussion. I want to add/qualify one set of statements, i.e., “women are working fewer hours b/c they take time off to care for others” and “they get paid less due to the gender gap” — that gap actually represents the “cost” (or risk or lost productivity) from hiring women WHO TAKE CARE OF OTHERS (incl having children). So Kate is actually double counting.

    That said, I absolutely agree about the mismatch between wages and social value.