Engendering Macroeconomic Theory and Policy

Abstract

This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

Economic Gains From Gender Inclusion: New Mechanisms, New Evidence

“…This paper is part of the IMF's active agenda on gender, and complementary to other recent IMF papers on the benefits of gender equality (Elborgh-Woytek and others 2013; Gonzalez and others 2015; Khera 2016). It is also related to a broader literature on gender issues in macroeconomics (Diamond 1965;Wood 1995;Seguino 2017). ©International Monetary Fund. Not for Redistribution…”

Gender Issues in Kaleckian Distribution and Growth Models: On the Macroeconomics of the Gender Wage Gap

“…Although the effect of closing gender wage gaps may not necessarily stimulate aggregate demand and demand-determined growth in the first place, we may expect positive effects on productivity growth and thus on long-run potential growth of the economy, as several authors have argued focusing on various channels (Braunstein et al 2011, Giovanazzi 2018, Seguino 2010, 2019a, Onaran et al 2019. Therefore, we finally turn to this issue in our basic neo-Kaleckian modelling framework.…”

“…6 These approaches have included the reproduction of labour into macroeconomic models, focusing on the disproportional share of women as compared to men in unpaid reproductive and care work (Braunstein et al 2011(Braunstein et al , 2020. Most feminist post-Keynesian macroeconomic models have examined the effects of gender inequality on growth for developing countries, further taking into account the specific structural features of these economies, like a dual production structure, segregated labour markets, the balance-ofpayments constraint, and partly also the role of economic policies (Blecker/Seguino 2002, Seguino 2010, 2019a. 7 Recently, Onaran (2015) and Onaran et al (2019) have integrated several of these features into a more general gendered macroeconomic model on Kaleckian grounds, which has then also been estimated for the UK.…”

Negotiating Boundaries of Power in the Global Governance for Care

“…There is, in addition, analytical work that raise these questions of boundary between production and reproduction within macroeconomics. Macroeconomic theories and tools influence productive capacities but feminist economists have been asking how these policies inform relationships underpinning caring functions and, vice versa, how caring functions can inform policy design (Balakrishnan et al 2016 ; Durano and Bidegain-Ponte 2016 ; Heintz 2019 ; Seguino 2019 ).…”