Global Economics Paper No 154: Gender Inequality, Growth and Global Ageing
Publication focuses on how reducing gender inequality could play a key role in addressing the twin problems of population ageing and pension sustainability. In countries where it is relatively easy for women to work and have children, female employment and fertility both tend to be higher. Economies where the problem of population ageing is most acute – such as Japan and Italy – also tend to be those where female employment is lowest. Closing the gap between male and female employment would have huge economic implications for the global economy, boosting US GDP by as much as 9%, Eurozone GDP by 13% and Japanese GDP by 16%.