1 / 7

Gendering Macroeconomic Analysis: Labor Market and Fiscal Policies

Explore the role of labor market and fiscal policies in gendered macroeconomic models, examining the interaction between income distribution and growth. Analyze the impacts of gendered analysis on previous models and policy implications for inclusive growth.

adriannaj
Download Presentation

Gendering Macroeconomic Analysis: Labor Market and Fiscal Policies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Gendering Macroeconomic Analysis and Development Policy: The Role of Labor Market and Fiscal Policiesby Onaran, Oyvat and FotopouluComments by Ipek Ilkkaracan Care Work and the Economy: Advancing Policy Solutions with Gender-Aware Macroeconomic Models Berlin, 21-23 October 2018

  2. Contribution to the Literature • on macroeconomic modeling; wage-led vs. profit-led growth • How does gendering the post-Keynesian/Kaleckian model change the main insights/conclusions of the model re: interactions between functional income distribution and growth? • How does it differ from previous attempts at gendering this model (by Braunstein, Seguino, …)? 2. on gender and macroeconomics • How does a gendered post-Keynesian/Kaleckian model add to what we already know from gendered analysis of fiscal and labor market policies?

  3. Table 3: The Taxonomy of Growth Regimes

  4. Table 4: General increase in Wages vs. Upward Convergence in Gender Wage Gap

  5. Gendering Wage-led vs. Profit-led Growth Debate • Main insight from prior gender and macro literature: • Fiscal Spending on Social Care Service expansion as a tool for pro-women employment generation and inclusive growth (Levy 2010, 2011, 2015; ITUC 2016; 2017; ILO 2018)  • Fiscal Policy as a tool forwage-led (OR female employment/demand led), gender egalitarian growth • in the long-run with positive productivity impact

  6. Policy Implications 2 policy scenarios examined: • L market policies: an exogenous upward convergence in the gender wage gap • Fiscal policies: increased fiscal spending on social care • What is the labor market policy that enables 1? • Gender and macro studies suggest ‘2’ ‘1’ through simultaneous labor supply and demand side effects (Kim and Ilkkaracan 2017) • Can we expect an upward convergence in gender wage gap without intervening in the gender distribution of unpaid care work? • e.g. McKinsey study on closing gender gaps adding to growth?

  7. Unpaid Care in the model • LogUt = q0 + qGlogGtH + qFlogEtNF + qMlogEtNM Exogenous female employment expansion without substitutes for unpaid work (?) • UtF= βdUt • UtM = (1- βd )Ut Labor market policy (not only Wage policy) but also policies to affect βd • LtF= (l1F(wtFH+wtFN) + l2FGtH+ l3FUtF)NtF • LtM= (l1M(wtMH+ wtMN)+l2MGtH+l3MUtM)NtM But EtNF = f(l3FUtF) • LogTtN= h0 + h1logGt-1H+h2logIt-1G + h3logGt-1C+ h4logYt-1 + h5logwt-1NF + h6log(αt-1Nwt-1NF) + h7logCt-1H+ h8logUt-1 + h9logTt-1N • Productivity impact of redistribution/reduction of unpaid work in the short-run through better work-life balance and more competitive labor markets

More Related