A Macroeconomic Analysis of the Effects of Gender Inequality, Wages, and Public Social Infrastructure: The Case of the UK.
The aim of this study is to develop a model to analyze the macroeconomic effects of two dimensions of inequality – gender inequality and functional income distribution – and public spending, in particular on social infrastructure, on output, productivity, and hours of employment of men and women. Th...
| Published in: | Feminist Economics Vol. 28; no. 2; pp. 152 - 189 |
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| Main Authors: | , , |
| Format: | Article |
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Taylor & Francis Ltd
Apr2022
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=157176731&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 157176731 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 13545701 5B8 jtl: Feminist Economics issn: 13545701 maglogo: N pubinfo: dt: Apr2022 vid: 28 iid: 2 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 157176731 10.1080/13545701.2022.2044498 ppf: 152 ppct: 37 formats: fmt: – @attributes: type: T – @attributes: type: P size: 727KB tig: atl: A Macroeconomic Analysis of the Effects of Gender Inequality, Wages, and Public Social Infrastructure: The Case of the UK. aug: au: Onaran, Özlem Oyvat, Cem Fotopoulou, Eurydice affil: University of Greenwich, London, United Kingdom of Great Britain and Northern Ireland University of Greenwich - International Business and Economics Department, Old Royal Naval College, London, United Kingdom of Great Britain and Northern Ireland Goldsmiths University of London, London, United Kingdom of Great Britain and Northern Ireland su: Wage differentials Gender inequality Infrastructure (Economics) Gender wage gap Wages Income inequality United Kingdom sug: subj: United Kingdom Wage differentials Gender inequality Infrastructure (Economics) Gender wage gap Wages Income inequality keyword: employment functional income distribution productivity social infrastructure ab: The aim of this study is to develop a model to analyze the macroeconomic effects of two dimensions of inequality – gender inequality and functional income distribution – and public spending, in particular on social infrastructure, on output, productivity, and hours of employment of men and women. This study estimates the model econometrically using an IV-GMM estimator and time series data for the period of 1970–2016 for the UK. For the estimation of productivity, the article uses IV-GMM estimations based on panel data for eighteen industries for the period of 1970–2015. The study finds that output in the UK is both gender equality-led and wage-led, and hence generally equality-led. Public social infrastructure investment has a high positive effect on both output and employment. Despite a strong positive effect on productivity, the employment of both men and women increases in the medium run. HIGHLIGHTS Output in the UK is gender equality-led and wage-led; hence the UK is equality-led. An upward convergence in wages by closing gender pay gaps leads to higher output. Public social infrastructure spending has a positive effect on output and productivity. Public social infrastructure leads to higher employment for both men and women. A mix of labor market and fiscal policies can achieve both equality and employment. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Feminist Economics is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Feminist Economics holder: Taylor & Francis Ltd dt: @attributes: year: 2022 holdings: @attributes: islocal: N |
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