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The Women in Economics Index

Event Start Date:
April 8, 2021
Event End Date:
April 8, 2021
Event Venue:
Online

Date/Time
Date(s) - 08/04/2021
7:00 pm - 8:00 pm

Categories


This event held on 8th April 2021 highlighted the Women in Economics Initiative’s development of the Women in Economics (WiE) Index. The WiE Index records and monitors the presence of women economists in senior positions; in key academic, business, and public sectors institutions; and across Europe, OPEC, and globally. The Women in Economics Index values range from 0 to 100, with 0 indicating complete gender disparity and 100 indicating perfect parity. At this event, members of the research team outlined some of the Index’s recent results.

They have produced results for the academic, private, and public sectors for 2019 and 2020. To calculate the WiE Index for each sector, researchers compiled data for various components. The three components of the academic sector included 1) the presence of women as top 100 authors, 2) in the top 25 university economics departments, and 3) in the top 25% of think tanks. In 2020, this data yielded a WiE Index for the academic sector of 38.

Researchers have also calculated the WiE Index for the private sector. The Index was calculated with the following components: the presence of women as chief economists at 1) the largest companies, 2) banks, and 3) insurance companies, producing a WiE Index of 35 for 2020.

Finally, the WiE research team calculated the WiE Index for the public sector by aggregating data about the percentage of women who serve as 1) governors of central banks, 2) finance ministers, 3) economic expert advisors, and 4) chief economists of international institutions. Data regarding these components generated a WiE value of 38 for 2020.

The three WiE Index values for the academic, private, and public sectors in 2020 all indicate a high level of gender disparity within the economics profession. In the future, the research team plans to aggregate additional data to produce time-series data regarding gender disparity in economics.

Check out the full video of the event below: