“This book offers a rigorous and timely contribution to the study of gender inequality and economic growth. Its strength lies in recognizing that gender inequality is not a single object, but a set of interrelated dimensions that shape household behavior, labor markets, and policy outcomes. Rather than focusing solely on reduced-form effects of changes in gender equality, it explores the underlying mechanisms and interactions through a gender-based overlapping-generations model with home production, heterogeneous families, and capital accumulation. In doing so, it provides clear micro-foundations for complex macroeconomic questions. The careful step-by-step theoretical approach, combined with scope for numerical analysis, makes the framework analytically powerful, policy relevant, and attentive to the Lucas critique.” – David de la Croix, Université Catholique de Louvain
Although changes in cultural attitudes, childcare policies, and technology have led to significant progress in closing the gender gap, it remains one of the defining challenges of our time. With a focus on developing countries, this book studies, using rigorous analytical models, the extent to which economic forces, interacting with social norms and the political process, determine the nature of, and persistence in, various dimensions of the gender gap. It also studies how gender gaps interact with economic growth and quantifies, using calibrated models, the role of public policy in promoting both gender equality and growth.
Pierre-Richard Agénor is Hallsworth Professor of International Macroeconomics and Development Economics at the University of Manchester, Fellow of the Royal Economic Society, and Senior Fellow at FERDI. He has published numerous articles in leading professional journals and made contributions to a wide range of fields and topics in economics. He is also the author of several books.
This book bridges a critical gap in macroeconomics and development economics. Using a series of micro-founded models of endogenous growth, based on the Allais-Samuelson overlapping generations approach, it explores how gender gaps in education, labor supply, earnings, and political participation interact with economic performance and public policy. It examines the role of entrenched social norms regarding women's role and evaluates the impact of targeted interventions such as childcare subsidies, pay transparency legislation, and investments in human capital, health, and infrastructure. Combining analytical rigor with calibrated simulations, the book provides a policy-relevant lens for understanding gender-based constraints and policies in developing economies, with case studies including Brazil and Morocco. It will be a valuable pedagogical resource for graduate-level courses in macroeconomics and development economics, as well as specialized modules in labor economics and public economics.
Pierre-Richard Agénor
Gender Economics Gender Equality and Economic Growth Female labour supply Overlapping Generations Models Gender and Macroeconomics Micro-founded Growth Models Human Capital Labour Market Discrimination Social Norms and Culture Fertility and Time Allocation Political Economy of Gender Infrastructure and Gender Gaps Education Intergenerational Spillovers Female Talent Misallocation