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The Gender Gap
Social Science Research Network
The author explains the "gender gap" as a Nash equilibrium of a game with incomplete information about women's work at home and in the marketplace. Expectations about women's lower wages leads to the overutilization of women in the household, and this, in turn, leads to lower productivity and lower wages for women in the marketplace. The situation is rational but generally Pareto inferior. With logistic learning by doing, at high levels of skill there is a Pareto-superior equilibrium, where mendoi:10.2139/ssrn.1377942 fatcat:wajl2x2nqnasbmvelksua27l6a