Women are winning the human capital race
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If, as Chicago Booth’s Kevin M. Murphy and Robert H. Topel suggest, a skills gap is the source of income inequality, the way to close the income gap would be to acquire more skills through higher education. American women have gotten that message. Many men haven’t. “In the United States in the 1970s, male college graduates outnumbered female college graduates 3-to-2; today, the ratio is reversed,” write Murphy, the late Gary S. Becker, and William H.J. Hubbard of the University of Chicago Law School, in a 2010 paper. Since 2005, 57 percent of US undergraduates have been female. In 2014,…
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