ADB Economics Working Paper

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  Gender Pay Gap: A Macro Perspective 

  Terada-Hagiwara, Akiko; Camingue-Romance, Shiela F.; Joseph E. Zveglich, Jr. (Asian Development Bank, 2018-03-30)

  This paper examines the factors influencing the gender wage gap by using an unbalanced crosscountry aggregated panel data set for a sample covering 53 economies for the period 1995–2010. Using robust estimators proposed by Lewbel (2012) to correct for heterogeneity and endogeneity, results suggest that a higher female share in the industry sector tends to widen the gender wage gap regardless of a ...

  This paper examines the factors influencing the gender wage gap by using an unbalanced crosscountry aggregated panel data set for a sample covering 53 economies for the period 1995–2010. Using robust estimators proposed by Lewbel (2012) to correct for ...
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  Financial Inclusion: New Measurement and Cross-Country Impact Assessment 

  Cyn-Young Park; Rogelio V. Mercado, Jr. (Asian Development Bank, 2018-03-15)

  This paper introduces a new index of financial inclusion for 151 economies using principal component analysis to compute weights for aggregating nine indicators of access, availability, and usage. It then assesses the impact of financial inclusion on poverty and income inequality. The results provide evidence that high- and middle-high-income economies with high financial inclusion have significantly ...

  This paper introduces a new index of financial inclusion for 151 economies using principal component analysis to compute weights for aggregating nine indicators of access, availability, and usage. It then assesses the impact of financial inclusion on ...
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  Population Aging and the Possibility of a Middle-Income Trap in Asia 

  Ha, Joonkyung; Lee, Sang-Hyop (Asian Development Bank, 2018-02-28)

  We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio—the ratio of workers to consumers—matters for economic growth, (2) economic development accompanies more investment in human capital and lower fertility due to the quantity–quality tradeoff, and (3) current ...

  We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio—the ratio of workers to consumers—matters for economic ...
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  Back in Business: Industrial Policy for Emerging Economies in the New Globalization 

  Berglof, Erik; Cable, Vince (Asian Development Bank, 2018-02-28)

  We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, we look at industrial policy in the context of structural transformation, i.e., in transforming economic structures as well as the institutions ...

  We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, ...

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