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Capital Market Integration and Gender Inequality

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  • Komura, Mizuki

    (Kwansei Gakuin University)

  • Ogawa, Hikaru

    (University of Tokyo)

Abstract

This study explores the effects of globalization on gender inequality. Specifically, we depict that, in terms of capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital-intensive sectors. Consequently, globalization leads to opposite effects on the couple's labor supply and fertility decisions in capital-importing and capital-exporting countries, via changes in the bargaining positions of men and women. Moreover, by considering the properties of the industrial structures of capital-importing and capital-exporting countries, our result shows that globalization induces empirically observed declines in fertility rates throughout the world.

Suggested Citation

  • Komura, Mizuki & Ogawa, Hikaru, 2018. "Capital Market Integration and Gender Inequality," IZA Discussion Papers 11885, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp11885
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    1. Jiancai Pi & Kaiqi Zhang & Xiangyu Huang, 2023. "Financial globalization and wage inequality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(2), pages 144-157, May.

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    More about this item

    Keywords

    globalization; capital market integration; gender inequality; domestic production;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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