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Gendering macroeconomic analysis and development policy: a theoretical model

Gendering macroeconomic analysis and development policy: a theoretical model

Onaran, Özlem ORCID: 0000-0002-6345-9922, Oyvat, Cem ORCID: 0000-0002-5097-0246 and Fotopoulou, Eurydice (2020) Gendering macroeconomic analysis and development policy: a theoretical model. Feminist Economics. ISSN 1354-5701 (Print), 1466-4372 (Online) (In Press)

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Abstract

The aim of this paper is to develop a feminist post-Keynesian/post-Kaleckian model to theoretically analyze the effects of labor market and fiscal policies on growth and employment. We develop a three-sector gendered macroeconomic model with physical and social sectors (health, social care, education, childcare) in the public and private market economy, and an unpaid reproductive sector providing domestic care. We provide a theoretical analysis of the effects on GDP, productivity and employment of men and women in both the short run and long run as a consequence of i) fiscal policies, in particular public spending in social infrastructure, and ii) decreasing gender wage gaps, in particular in the female dominated social sector. This theoretical analysis provides a basis to further analyze the impacts of an upward convergence in wages, other types of fiscal spending, and taxes.

Item Type: Article
Uncontrolled Keywords: gender gap, social infrastructure, feminist macroeconomics, post-Keynesian economics
Subjects: H Social Sciences > H Social Sciences (General)
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of International Business & Economics
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Related URLs:
Last Modified: 18 Jan 2021 15:47
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: None
URI: http://gala.gre.ac.uk/id/eprint/30933

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