Taking stock of 30 years of feminist macroeconomic modelling: why and how to gender macroeconomic analysis?
Onaran, Özlem ORCID: https://orcid.org/0000-0002-6345-9922 and Oyvat, Cem
ORCID: https://orcid.org/0000-0002-5097-0246
(2026)
Taking stock of 30 years of feminist macroeconomic modelling: why and how to gender macroeconomic analysis?
European Journal of Economics and Economic Policies: Intervention (EJEEP), 23 (2).
pp. 128-142.
ISSN 2052-7764 (Print), 2052-7772 (Online)
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Abstract
Taking stock of 30 years of research in feminist macroeconomics, we outline five reasons for why we need to gender macroeconomics: First, labour needs to be reproduced; hence, the care economy needs to be analysed as a key sector of the economy, including both unpaid domestic work and paid work, having significant effects on demand, supply and distribution, impacting on well-being, productivity, labour supply and demographic change and fertility. Second, gendered social norms, which in turn affect the gendered division of labour, lead to gendered behavioural differences and have a significant impact on determining macroeconomic outcomes. Third, an explicit modelling of the care sector in macroeconomic modelling is essential for an accurate analysis of the demand and supply-side interactions and adequate fiscal and industrial policy design. Fourth, the distribution of income and wealth is determined by not only class but also gendered and racial profiling of jobs. Finally, the needs of our societies in the care sectors and climate action are intersecting and interrelated, which requires gendering ecological macroeconomic analysis, moving forward towards an ecofeminist post-Keynesian/Kaleckian synthesis model.
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