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Gender inequality and economic growth in Korea

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  • Gender inequality and economic growth in Korea
  • Kim, Jinyoung; Lee, Jong-Wha; Shin, Kwanho
  • Korea University


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Title Gender inequality and economic growth in Korea
Similar Titles
Material Type Articles
Author(English)

Kim, Jinyoung; Lee, Jong-Wha; Shin, Kwanho

Publisher

[Seoul]:Korea University

Date 2014-11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Social Development < Gender
Holding 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 the Korean data. We find that gender equality policies lowering discrimination in the labor market or increasing 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 if the disparities at home and in the labor market between men and women 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.