Comments on: Brother, can you spare $100K? (Oops–$220K?)

By: IRENE KAORU » Blog Archive » Pack up your words and go home

IRENE KAORU » Blog Archive » Pack up your words and go home — Fri, 04 Apr 2008 19:15:32 +0000

[...] about this new major study on the pay gap between men and women in university [...]

By: Historiann

Historiann — Thu, 27 Mar 2008 05:42:39 +0000

Economistah N? DJ DangerWonk? The Invisiblenathand?

By: Nathan

Nathan — Thu, 27 Mar 2008 05:20:22 +0000

U can haz mah mad skilz if u gibe mah a hawt name liek historiann.

By: Historiann

Historiann — Thu, 27 Mar 2008 04:39:16 +0000

Nathan–thanks for correcting my poor calculation. I’ve amended the title of the post accordingly! Thanks for stopping by to comment. (Can I haz ur mad skilz now?)

By: Nathan

Nathan — Thu, 27 Mar 2008 03:12:37 +0000

Your calculation isn’t fine, at least to the economist in me, because it ignores present value. Assuming a discount rate of 5% then at the end of a 30 year career it’s “Brother, can you spare $220,000″, while at the start of one it’s “Brother, can you spare $49,000″.

Halfway through it’s $105,000, or a bit less if you adjust for the chance you have of losing your job for strangling an insufferable economist.

By: Historiann

Historiann — Thu, 27 Mar 2008 01:02:23 +0000

No apologies needed, Ann! I like your style.

By: Ann Bartow

Ann Bartow — Thu, 27 Mar 2008 00:50:12 +0000

The problem is not that “women don’t negotiate.” The problem, and I have lots of empirical data on this point, some of it collected personally, is that administrators can be lying, sexist sacks of shit. Apologies for the legalese :>)

By: Feminist Law Professors » Blog Archive » New major study on gender and the pay gap between faculty women and men.

Thu, 27 Mar 2008 00:46:57 +0000

[...] Historiann has the depressing details. [...]

By: Historiann

Historiann — Tue, 25 Mar 2008 21:23:51 +0000

Oh noes–you’re totally right, Susan! Duh–I was looking at it as though it were a lottery cash prize. Of course, smart broads would have diverted that $3200 into TIAA-CREF or some kind of investment.

Does anyone else remember that “talking Barbie” of infamy in the 1990s that said “Math is hard”?

By: Susan

Susan — Tue, 25 Mar 2008 19:14:54 +0000

Your calculation is fine, except that it escapes the wonder of compounding: that $3,600 in the first year, assuming it was saved compounds at a rate that makes it work a lot more after 30+ years.

Now maybe we should have bargaining workshops at the Berks?