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Economic Benefits of Gender Equality in the EU

Abstract

To analyse how gender equality measures can contribute to economic growth in the EU, the European Institute for Gender Equality studied the impacts of reducing gender inequalities in areas relevant from a macroeconomic perspective: STEM education, labour market activity and pay. It also considered the demographic changes that would take place if these gender gaps are reduced and a more equal distribution of unpaid care work between women and men is achieved. The study is the first of its kind to use a robust econometric model to estimate a broad range of macroeconomic benefits of gender equality at the EU level. The results of the modelling show that improved gender equality would have a largely positive effect on GDP per capita and on employment of women. The positive impacts are due to an increase in productivity and an improvement to the potential productive capacity of the economy.

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Correspondence to Helena Morais Maceira.

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This article is based on the results, outputs and publications of EIGE’s work on the economic benefits of gender equality in the EU; see European Institute for Gender Equality: Economic Benefits of Gender Equality in the European Union, 2017, available at http://eige.europa.eu/gender-mainstreaming/sectoral-areas/economic-and-financial-affairs/economic-benefits-gender-equality. The study was commissioned by EIGE and carried out by ICF, Cambridge Econometrics and Collegio Carlo Alberto.

Helena Morais Maceira, European Institute for Gender Equality, Vilnius, Lithuania.

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Morais Maceira, H. Economic Benefits of Gender Equality in the EU. Intereconomics 52, 178–183 (2017). https://doi.org/10.1007/s10272-017-0669-4

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