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Pope Francis agrees: Equal pay for women is long (long) overdue


Editor s Note: The Moral Economy is a new series that tackles key economic topics through the prism of Catholic social teaching and its care for the dignity of every person. This is the seventh article in the series.
The gender pay gap, persistent and global, is an evident structural economic injustice and despite widespread agreement that it deserves immediate remedy, it is proving annoyingly difficult to solve.
For almost 60 years, since President John F. Kennedy signed the Equal Pay Act in 1963, it has been illegal in the United States to pay men more than women for doing the same job. And yet in 2020, women earned 82.3 percent of what men did in all jobs combined. Put another way: In the United States, women, who make up about half of the population, earn only 40 percent of the gross domestic product. And in the last 25 years, the gender pay gap in the United States has shrunk only eight percentage points. ....

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The Other Regional Counter-Revolution: Iran's Role in the Shifting Political Landscape of the Middle East


The Other Regional Counter-Revolution: Iran’s Role in the Shifting Political Landscape of the Middle East
Iraqi security forces firing tear gas and live rounds into a crowd of demonstrators during the 2019 Tishreen (October) uprising
The last decade has seen historic political upheavals across the Middle East and North Africa: a tsunami of popular uprisings that have brought down several dictators and led to momentous transformations in political consciousness, if not always to democratic outcomes. But the last decade has also seen a concomitant counter-revolutionary roll-back across the region: authoritarian regimes, entrenched elites, ruling classes, deep states, and reactionary forces have marshalled considerable resources to torpedo these movements from below.[1] ....

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How policies affect beliefs and preferences | VOX, CEPR Policy Portal


Olivier Bargain, Ulugbek Aminjonov
Four decades ago, Robert Lucas rocked economics with a simple observation: taxes and other government interventions in the private economy affect not only the costs and benefits of actions citizens may take (as intended), but also their beliefs about the future actions of others (including the government), possibly in counterproductive ways. For example, announcing stiffer penalties for non-payment of taxes provides an incentive to pay up; but it also may convey the information that non-compliance is common, leading formerly honest citizens to cheat. 
Lucas’ point was that policymaking is not simply resetting the dials on a given model of how the economy works, but instead changing the structure of the model itself (Lucas 1976). In 1994, Henry Aaron of the Brookings Institution pointed to “the failure of economists to take the formation of preferences seriously”, and suggested that the Lucas critique be extended to cover preference ....

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Private and religious groups are starting to pay reparations for slavery—but it's nowhere near enough.

Private and religious groups are starting to pay reparations for slavery—but it's nowhere near enough.
americamagazine.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americamagazine.org Daily Mail and Mail on Sunday newspapers.

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