ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
09

The Gender Pay Gap

Large gaps exist between male and female wages across the world. Eurostat data about the unadjusted Gender Pay Gap (GPG) represent the difference between average gross hourly earnings of male and female paid employees as a percentage of average gross hourly earnings of male paid employees. In 2011, in the EU, women earned 16.2 percent less per hour compared to men.  The difference varies from 2.3% for Slovenia till 27.3 % for Estonia. The Worldbank Development Report on Gender Equality analyzed data of sixty-four developing and developed countries a...
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Guest — Neal Zupancic
I think you should take a look at the way Western economists actually explain the wage gap. Contrary to what you have said here, ... Read More
Tuesday, 09 April 2013 11:11 PM
Guest — Eric
Neal, I appreciate the change of tone, from disrespectful ("you have not done your homework") to combative to somewhat more balanc... Read More
Friday, 12 April 2013 6:06 AM
Guest — Neal Zupancic
See, the problem is that the article actually does suggest that it is okay for women to receive lower hourly pay for the same work... Read More
Thursday, 11 April 2013 4:04 PM
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Mar
15

Are Good Times Good for Georgian Women?

On the 8th of March, Georgia joined many other countries around the world in celebrating the International Women’s Day. While this particular way of appreciating the many contributions of the Georgian women may be said to have been inherited from the Soviet Union, women have historically played very important roles in Georgian society and politics. The most prominent among them were Medea of Colchis, St. Nino, who brought orthodox Christianity to our country, and “King” Tamar, who ruled the state in its “Golden Age“. It was during this “Golden Age“, as e...
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Guest — Florian
I find the figure that the average female wage in Georgia amounts to just 60% of the average male wage quite confusing. How does t... Read More
Saturday, 16 March 2013 12:12 AM
Guest — Eric
Medea from Colchis facilitated Georgia's integration in the global economy!
Saturday, 16 March 2013 9:09 PM
Guest — Nino
RT, true, Medea of Colchis is not as positive heroine from our history as others I cite here, and Greek authors did their best to ... Read More
Sunday, 17 March 2013 12:12 AM
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Feb
13

Use of Consumer Confidence Index

The Consumer Confidence Index (CCI) attempts to capture the expectations of consumers about the future development of the economy.  According to economic theory, optimistic consumers are willing to spend more money and reduce their savings, while pessimistic consumers do the opposite. This is consistent with the intuition that consumption activity and saving behavior are driven by the expectations of the future. Beyond that, the CCI can be a powerful indicator of the well-being of the economy. WHY? If indeed the consumption behavior is driven b...
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Feb
01

Rethinking Medical Residency Programs in Georgia

According to the Law of Georgia on Medical Activity[1], postgraduate medical education can take place only in accredited institutions and/or medical schools from March 2009 onwards. This seems to be a good initiative. Presumably, the goals of this law were to promote higher quality education for future doctors in the country and to deliver higher quality healthcare to the population of Georgia. These are relevant goals, of course, as the life of a human being in terms of both length and quality is and should be the most serious concern for every country....
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Guest — Lasha
Yap, Regulators are those Guys, who know how to make decision about quality/quantity
Saturday, 02 February 2013 2:02 PM
Guest — Nino
I think I understood your point, Lasha Nevertheless, I would love to believe badly that to some extent these decisions will serve ... Read More
Sunday, 03 February 2013 11:11 AM
Guest — Lasha
I would love to believe that you can believe something more creative If you have time have a look at works of Stigler, Petztzman,... Read More
Monday, 04 February 2013 2:02 AM
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Dec
22

Money Can Buy Me Love, In The Caucasus

This blog post is a sequel to “Price of a Woman: Economic Rationale behind Marriage Payments in Georgia”. I recently found very interesting data about bride prices in the Georgian highlands and the North Caucasus, which I am now going to share with you. Payment to a bride's parents was widespread in the Georgian highlands and the North Caucasus. This custom was rooted in local traditions and everyone obeyed it. Bride prices were either paid in money or its equivalent in livestock, most commonly in oxen. The price would vary according to the social standi...
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Guest — Florian
In Georgia the market mechanism seems to work. At least in the highlands, the market reacted to the shortage of women by implement... Read More
Thursday, 27 December 2012 12:12 PM
Guest — William Ellis
Thank you for this post and your interesting blog.I've recently had experience of bride prices. I've been involved with a charity ... Read More
Saturday, 29 December 2012 5:05 PM
Guest — Maka
Dear William and Florian,Thank you for your interesting [email protected] : Related to Romanism. I believe Romantism was involved... Read More
Sunday, 20 January 2013 5:05 PM
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Nov
28

Young Females in Powerful Positions on Georgian Facebook

If you follow modern Georgian electronic media, you have definitely noticed a strange tendency of publishing news pieces based on people’s posts and status updates on Facebook. Besides Georgian journalists’ determination to free ride, this points to the fact that Facebook has become an important platform to express one’s opinion on political and social issues. In fact, a recent Pew Internet & American Life Project study finds that 37% of electronic social network users post political material at least occasionally and that 75% of social networking si...
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Guest — stardust
Cherchez la femme...
Thursday, 29 November 2012 5:05 AM
Guest — Zak
Indeed that is the correct interpretation, Giorgi. Unfortunately we could not answer the relevant questions that you are raising i... Read More
Thursday, 29 November 2012 1:01 PM
Guest — Giorgi Mekerishvili
Interesting observations. I would summarize the conclusion in the following way: young females are active and influential on Faceb... Read More
Thursday, 29 November 2012 12:12 PM
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