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

34 Pages Posted: 25 Feb 2016

See all articles by Jinyoung Kim

Jinyoung Kim

Korea University - Department of Economics

Jong-Wha Lee

Korea University

Kwanho Shin

Korea University

Date Written: January 26, 2016

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.

Keywords: economic growth, female labor market participation, gender inequality, human capital accumulation, Republic of Korea

JEL Classification: E24, J13, J71, O53

Suggested Citation

Kim, Jinyoung and Lee, Jong-Wha and Shin, Kwanho, 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 (January 26, 2016). Asian Development Bank Economics Working Paper Series No. 473. Available at SSRN: https://ssrn.com/abstract=2737837 or http://dx.doi.org/10.2139/ssrn.2737837

Jinyoung Kim (Contact Author)

Korea University - Department of Economics ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea

Jong-Wha Lee

Korea University ( email )

Anam-dong, Sungbuk-Ku
Dept. of Economics
Seoul, 136-701
82-2-3290-2216 (Phone)
82-2-928-4948 (Fax)

Kwanho Shin

Korea University ( email )

1 Anam-dong 5 ka
Sunbuk-Ku, Department of Economics
Seoul 136-701
Korea
82-2-3290-2220 (Phone)
82-2-3290-2719 (Fax)

HOME PAGE: econ.korea.ac.kr/~khshin

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