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Integrating the Social Reproduction of Labour into Macroeconomic Theory

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  • Mark Setterfield

    (Department of Economics, New School For Social Research, USA)

Abstract

The purpose of this paper is to contribute to the integration of unpaid care-giving in the household into short- and long-term macroeconomic theory and, in particular, the theoretical structure of production on the supply-side of the economy. The ambition of the project is to furnish a general theoretical representation of how unpaid care giving and its (gendered) social structure contributes to the technical conditions of production in the sphere of marketed output. In so doing, it aims to provide macro theorists with an apparatus that allows consistent description of both short-term (levels of activity) and long-term (rates of growth) macro outcomes in a manner that routinely integrates feminist insights regarding the gendered structure of the social reproduction of labour into macroeconomic analysis.

Suggested Citation

  • Mark Setterfield, 2024. "Integrating the Social Reproduction of Labour into Macroeconomic Theory," Working Papers 2405, New School for Social Research, Department of Economics.
    • Handle: RePEc:new:wpaper:2405
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    File URL: http://www.economicpolicyresearch.org/econ/2024/NSSR_WP_052024.pdf
    File Function: First version, 2024
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    References listed on IDEAS

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    1. Elissa Braunstein & Irene van Staveren & Daniele Tavani, 2011. "Embedding Care and Unpaid Work in Macroeconomic Modeling: A Structuralist Approach," Feminist Economics, Taylor & Francis Journals, vol. 17(4), pages 5-31, October.
    2. Robert A. Blecker & Elissa Braunstein, 2022. "Feminist Perspectives on Care and Macroeconomic Modeling: Introduction to the Special Issue," Feminist Economics, Taylor & Francis Journals, vol. 28(3), pages 1-22, July.
    3. Nancy Folbre, 2023. "Telling Fortunes: Feminist Theory and the Future of Political Economy," Review of Political Economy, Taylor & Francis Journals, vol. 35(1), pages 129-144, January.
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    6. Ramaa Vasudevan & Srinivas Raghavendra, 2022. "Women’s Self-Employment as a Developmental Strategy: The Dual Constraints of Care Work and Aggregate Demand," Feminist Economics, Taylor & Francis Journals, vol. 28(3), pages 56-83, July.
    7. Ian Goldin & Pantelis Koutroumpis & François Lafond & Julian Winkler, 2024. "Why Is Productivity Slowing Down?," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 196-268, March.
    8. James Heintz & Nancy Folbre, 2022. "Endogenous Growth, Population Dynamics, and Economic Structure: Long-Run Macroeconomics When Demography Matters," Feminist Economics, Taylor & Francis Journals, vol. 28(3), pages 145-163, July.
    9. Özlem Onaran & Cem Oyvat & Eurydice Fotopoulou, 2022. "Gendering Macroeconomic Analysis and Development Policy: A Theoretical Model," Feminist Economics, Taylor & Francis Journals, vol. 28(3), pages 23-55, July.
    10. Nancy Folbre & Leila Gautham & Kristin Smith, 2021. "Essential Workers and Care Penalties in the United States," Feminist Economics, Taylor & Francis Journals, vol. 27(1-2), pages 173-187, April.
    11. Gabriel Porcile & Danilo Spinola & Giuliano Yajima, 2023. "Growth trajectories and political economy in a Structuralist open economy model," Review of Keynesian Economics, Edward Elgar Publishing, vol. 11(3), pages 350-376, July.
    12. Marlene Kim, 2023. "Gender in Economics Fifty Years Ago and Today: Feminist Economists Speak," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(1), pages 8-25, March.
    13. Corinna Dengler & Birte Strunk, 2018. "The Monetized Economy Versus Care and the Environment: Degrowth Perspectives On Reconciling an Antagonism," Feminist Economics, Taylor & Francis Journals, vol. 24(3), pages 160-183, July.
    14. Stephanie Seguino, 2020. "Engendering Macroeconomic Theory and Policy," Feminist Economics, Taylor & Francis Journals, vol. 26(2), pages 27-61, April.
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    Cited by:

    1. Izaskun Zuazu, 2024. "Reviewing feminist macroeconomics for the twenty-first century," Review of Evolutionary Political Economy, Springer, vol. 5(2), pages 271-299, September.

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    More about this item

    Keywords

    Social reproduction of labour; unpaid care-giving; macroeconomic theory; potential output; natural rate of growth; technical change;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • 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
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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