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Mainstream economic analysis has traditionally overlooked gender. The individual the basic category of analysis was regarded as genderless. Neither gender discrimination nor segmentation and segregation within the labor market or within the household was present. Contributions from development theory, new household economics (NHE), labor economics, and feminist analysis have done much to change this. Focusing on gender equality by which we mean equality in opportunity, inputs, and outcome has yielded important insights for the growth and development of an economy. But we are still at the cusp. While there have been huge improvements in recognizing gender as an analytical category at the microeconomic level, the macroeconomic implications of gender equality remain undeveloped. Engendering macroeconomics is an important and valid research and policy area. Over the past three decades, economic development has generally affected women differently than men in the developing world. At the same time, gender relations have affected macroeconomic outcomes. This volume examines the research and policy implications of engendering macroeconomic policy.
The proposed SDN discusses the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on earlier Fund analysis, work undertaken by other organizations and academic research, the SDN presents possible policies to overcome these obstacles in different types of countries.
The author describes the shortcomings of macroeconomics that pay little attention to the role of gender in the economy and the implications of macro-level policies on gender equality. The book researches three areas: How and why macroeconomics policies affect women and men differently, considering both fiscal policy (government spending, taxation and borrowing) and monetary policy (interventions that affect the money supply, interest rates and exchange rates). These policies are gender blind rather than gender neutral, and can replicate and reinforce existing inequalities. Why the identification and measurement of the variables that form the basis of macroeconomics are incomplete and lead to poor policy choices. And how investments in human beings, including unpaid and non-market care, is not only important for recognizing women's (and men's) unpaid work, but affect the economy's prospects and women's and men's well-being across generations, and also fundamentally change how we think about macroeconomics.
This survey examines the implications of gender differences in economic behavior for macroeconomic policy. It finds that reducing gender inequality and improving the status of women may contribute to higher rates of economic growth and greater macroeconomic stability. Women's relative lack of opportunities in developing countries inhibits economic growth, while, at the same time, economic growth leads to a reduction in their disadvantaged condition. Equality of opportunity in labor and financial markets is critical to enabling women to take full advantage of improved macroeconomic conditions. Macroeconomic policies should take into account the benefits of reducing gender inequalities, especially in the lowest-income countries where these differences are most pronounced, and should consider the potentially harsher short-term effects of economic austerity measures on women to avoid exacerbating gender inequalities.
The contributors to this edited volume explore the effects of various development strategies and associated macroeconomic policies on women’s well-being and progress towards gender equality. Detailed analyses of major UN reports on gender reveal the different approaches to assessing absolute and relative progress for women and the need to take into account the specifics of policy regimes when making such assessments. The book argues that neoliberal policies, especially the liberalization of trade and investment, make it difficult to close gender wage and earnings gaps, and new gender sensitive policies need to be devised. These and other issues are all examined in more detail in several gendered development histories of countries from Latin America and Asia.
The proposed SDN discusses the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on earlier Fund analysis, work undertaken by other organizations and academic research, the SDN presents possible policies to overcome these obstacles in different types of countries.
Publisher Description
Gender is now recognized as a fundamental organizing principle for economic as well as social life, and related research has grown at an unprecedented pace in the recent decades across branches of economics. The volume takes stock of this research, proposes novel analytical frameworks and outlines further research directions. It grew out of the Summer School of International Research in Pontignano (University of Siena) that traditionally brings together the most representative scholars in the chosen field. The thirteen essays included in the volume cover recent advances in gender related issues across disciplinary branches, from Economic History and the History of Economic Thought to Macroeconomics, Household Economics, the Economics of Care Work, Labour Economics, Institutional and Experimental Economics. The volume is primarily addressed to graduate students in Economics and is an essential companion for researchers in the area of Gender Economics. As most essays are written in a non-technical language it is also of interest to a wider audience, including specialists in Sociology, Demography and History.
This paper analyzes various linkages and interconnections between gender inequality and the macroeconomy. The prevalence of gender inequality, particularly the presence of gender gaps in the labor force and in economic opportunities, can weigh on and impede inclusive growth. The precise nature of gender gaps varies, but in the majority of countries there are differences between men and women in decision-making power, economic participation, access to opportunities, and social norms and expectations. The analysis shows that gender gaps in pay and in access to resources, occupations, and credit, among other things, not only have negative microeconomic effects on women but also imply large costs for the aggregate economy. Differences in economic outcomes may be a consequence of unequal opportunities and enabling conditions for men and women and for boys and girls. Raising female participation could provide an important boost to growth, but women face two hurdles in participating in the workforce in Japan.