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    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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    Citable URI
    http://hdl.handle.net/11540/6461
    Metadata
    Show full item record
    Thumbnail
    EWP_475_ModelofGenderInequality_18Feb_WEB.pdf (1.254Mb)
    Author
    Kim, Jinyoung
    Lee, Jong-Wha
    Shin, Kwanho
    Theme
    Gender
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise