This effect is particularly strong for families that have fewer social and economic resources, including single-parent families. 22 As time goes on, girls with working mothers are more likely to be employed and hold supervisory positions, and they earn somewhat more. In addition, sons raised in families with  18  Bureau of Labor (1889). Goldin (2006), p. 4.
I am particularly happy that Sir Jon Cunliffe, Deputy Governor of the Bank of England, is here today. Thank you, Jon, for your remarks. Now let me say a few words on financial regulation and the need for international cooperation. My argument begins with the idea that a global financial system requires global regulation.