unSILOed with Greg LaBlanc cover image

310. Understanding the Gender Wage Gap feat. Claudia Goldin

unSILOed with Greg LaBlanc

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The Differences Between Preferences and Social Norms

I think economists sometimes talk about preferences and sometimes we talk about social norms. We call them social norms when we think that they're more malleable. Norms require that they're being enforcer and arbiter. Beliefs are things like religion. No one isn't necessarily enforcing that. It's something that you believe in. And preferences, if we have a sort of mental accounting of this, do not require that there be arbiters. But norms requirement that there be Arbiters.

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