A Model of Gender Inequality and Economic Growth
Kim, Jinyoung; Lee, Jong-Wha; Shin, Kwanho | February 2016
Abstract
This paper introduces a model of gender inequality and economic growth that focuses on the determination of women’s time allocation among market production, home production, child rearing, and child education. The theoretical model is based on Agénor (2012), but differs in several important dimensions. The model is calibrated using microlevel data of Asian economies, and numerous policy experiments are conducted to investigate how various aspects of gender inequality are related to the growth performance of the economy. The analysis shows that improving gender equality can contribute significantly to economic growth by changing females’ time allocation and promoting accumulation of human capital. We find that if gender inequality is completely removed, aggregate income will be about 6.6% and 14.5% higher than the benchmark economy after one and two generations, respectively, while corresponding per capita income will be higher by 30.6% and 71.1% in the hypothetical gender-equality economy. This is because fertility and population decrease as women participate more in the labor market.
Citation
Kim, Jinyoung; Lee, Jong-Wha; Shin, Kwanho. 2016. A Model of Gender Inequality and Economic Growth. © Asian Development Bank. http://hdl.handle.net/11540/6461.ISSN
2313-6537
2313-6545
Keywords
Comparative Analysis
Social Research
Sex Discrimination
Employment Discrimination
Women's Rights
Equal Opportunity
Equal Pay
Feminism
Men's Role
Women's Role
Development Economics
Economic Analysis
Economic Impact
Socioeconomic Development
Socioeconomic Indicators
Gender
Gender Bias
Gender Differences
Gender Discrimination
Gender Equality
Gender Gaps
Gender Inequality
Gender Issues
Gender Relations
Gender Roles
Econometric analysis
Economic implications
Economies in transition
Economic integration
Growth potential
Gross national product
Economic discrimination
Socioeconomic surveys
Gender-based analysis
Sex differences
Job bias
Equal employment opportunity
Fair employment practice
Job discrimination
Affirmative action programs
Sex dicrimination against women
Pay equity
Sexism
Equal rights amendment
Emancipation of women
Equal rights
Women's movements
Feminist economics
Labor economics
Women in economic development
Women in development
Wage survey
Cost and standard of living
Human capital
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