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Impact of Gender Inequality on the Republic of Korea’s Long-Term Economic Growth: An Application of the Theoretical Model of Gender Inequality and Economic Growth

Author

Listed:
  • Kim, Jinyoung

    (Korea University)

  • Lee, Jong-Wha

    (Asiatic Research Institute, Korea University)

  • Shin, Kwanho

    (Department of Economics, Korea University)

Abstract
This paper presents a theoretical model that can analyze the impact of gender inequality on long-term economic growth. The model is calibrated to fit to Korean data. We find that gender equality policies that lower discrimination in the labor market or that increase the time spent by a father on child-rearing can contribute positively to female labor market participation and per capita income growth. The simulation results show that when the disparities between men and women at home and in the labor market are completely removed, the female labor force participation rate increases from 54.4% to 67.5%, and the growth rate in per capita income rises from 3.6% to 4.1% on average over a generation.

Suggested Citation

  • Kim, Jinyoung & Lee, Jong-Wha & Shin, Kwanho, 2016. "Impact of Gender Inequality on the Republic of Korea’s Long-Term Economic Growth: An Application of the Theoretical Model of Gender Inequality and Economic Growth," ADB Economics Working Paper Series 473, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0473
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    Citations

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    Cited by:

    1. Ahmed Lahsen, Amina & Piper, Alan T. & Thiele, Ida-Anna, 2020. "Kim Jiyoung, Born 1982, and the Labour Market: Overeducation, Gender, Income and Life Satisfaction. Panel evidence from Korea," MPRA Paper 100616, University Library of Munich, Germany.
    2. Yhesaem Park & Almas Heshmati, 2019. "The Effects of Labor Market Characteristics on Women’s Poverty in Korea," Economies, MDPI, vol. 7(4), pages 1-16, November.
    3. Haroon Ur Rashid Khan & Anwar Khan & Khalid Zaman & Agha Amad Nabi & Sanil S. Hishan & Talat Islam, 2017. "Gender discrimination in education, health, and labour market: a voice for equality," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(5), pages 2245-2266, September.
    4. Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Fukuda, Lisa, 2019. "Gender and Corporate Success: An Empirical Analysis of Gender-Based Corporate Performance on a Sample of Asian Small and Medium-Sized Enterprises," ADBI Working Papers 937, Asian Development Bank Institute.
    5. Sven Horak & Yuliani Suseno, 2023. "Informal Networks, Informal Institutions, and Social Exclusion in the Workplace: Insights from Subsidiaries of Multinational Corporations in Korea," Journal of Business Ethics, Springer, vol. 186(3), pages 633-655, September.
    6. Laura Cabeza-García & Esther B. Del Brio & Mery Luz Oscanoa-Victorio, 2018. "Gender Factors and Inclusive Economic Growth: The Silent Revolution," Sustainability, MDPI, vol. 10(1), pages 1-14, January.

    More about this item

    Keywords

    economic growth; female labor market participation; gender inequality; human capital accumulation; Republic of Korea;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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