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Women Are Key for Future Growth : Evidence from Canada

Author: Bengt Petersson
Publisher: Washington, D.C. : International Monetary Fund, 2017.
Series: IMF Working Papers.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
How important are female workers for economic growth? This paper presents empirical evidence that an increase in female labor force participation is positively associated with labor productivity growth. Using panel data for 10 Canadian provinces over 1990-2015, we found that a 1 percentage point increase in the labor force participation among women with high educational attainment would raise Canada's overall labor  Read more...
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Additional Physical Format: Print Version:
Petersson, Bengt.
Women Are Key for Future Growth: Evidence from Canada.
Washington, D.C. : International Monetary Fund,2017
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Bengt Petersson
ISBN: 1484309243 9781484309247
ISSN:1018-5941
OCLC Number: 1002735604
Description: 1 online resource (46 pages).
Series Title: IMF Working Papers.
Responsibility: Bengt Petersson.

Abstract:

How important are female workers for economic growth? This paper presents empirical evidence that an increase in female labor force participation is positively associated with labor productivity growth. Using panel data for 10 Canadian provinces over 1990-2015, we found that a 1 percentage point increase in the labor force participation among women with high educational attainment would raise Canada's overall labor productivity growth by 0.2 to 0.3 percentage point a year. This suggests that if the current gap of 7 percentage points between male and female labor force participation with high educational attainment were eliminated, the level of real GDP could be about 4 percent higher today. The government has appropriately stepped up its efforts to improve gender equality, as part of its growth strategy. In particular, the government's plan to expand access to affordable child care is a positive step. However, we argue that to maximize the policy outcome given a budget constraint, provision of subsidized child care-including publicly funded child care spaces-should be better targeted to working parents.

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