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Gender equality and economic growth: Past progress and future potential

Author

Listed:
  • Jonas Fluchtmann

    (OECD)

  • Mark Keese

    (OECD)

  • Willem Adema

    (OECD)

Abstract

Despite women’s increased participation in the labour market significantly contributing to past economic growth, persistent gender gaps across OECD labour markets hinder full realization of the potential gains of women’s economic participation. This paper analyses the economic implications of these gaps and evaluates the potential for future growth through greater gender equality in labour market outcomes. Utilising two methodological frameworks, the paper first employs growth accounting to measure the contribution of women's employment to past economic growth. The paper then uses a simplified version of the OECD Long-Term Model in conjunction with projections on future labour force dynamics to estimate the impact of greater gender equality on the labour market. These analyses provide insight into the potentially significant economic benefits of closing persistent gender gaps across OECD countries.

Suggested Citation

  • Jonas Fluchtmann & Mark Keese & Willem Adema, 2024. "Gender equality and economic growth: Past progress and future potential," OECD Social, Employment and Migration Working Papers 304, OECD Publishing.
    • Handle: RePEc:oec:elsaab:304-en
    DOI: 10.1787/fb0a0a93-en
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    More about this item

    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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