Increasing Diversity, Inclusion, and Opportunity in Economics: Perspectives of a Brown-Eyed Economist: 02.28.19 Second Annual Women in Economics Symposium, Federal Reserve Bank of St. Louis, St. Louis, MO

Loretta Mester

No 107, Speech from Federal Reserve Bank of Cleveland

Abstract: I thank the organizers and the Federal Reserve Bank of St. Louis for inviting me to speak at the second annual symposium on women in economics. The St. Louis Fed's series of podcasts with women in the field and this symposium have highlighted the challenges women face but also their successes. I believe that increasing awareness of what can be accomplished if one pursues an economics degree ? that is, explaining ?the value proposition? as they say in business ? can play an important role in attracting people to the field of economics. I also believe we should not assume that people, even those in the profession, realize how significant the differences in outcomes for males and females in the profession are. So it is important to document and publicize the evidence that women and minorities are under-represented in economics, and to provide information on interventions that have been shown to help level the playing field. Today?s symposium does an excellent job on these scores. Thanks to the work of the St. Louis Fed and others, the Federal Reserve System is aware of where it stands in terms of diversity, it has a better understanding of the value of promoting a diverse culture, and the System is taking concrete steps to increase diversity, inclusion, and opportunity across the institution.

Pages: 16 pages
Date: 2019-02-28
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