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The impact of gender inequality on macroeconomic variables in the framework of a DSGE model

Author

Listed:
  • Zare Shahneh, Mohammad Mehdi

    (Ph.D. Candidate in Economics, University of Yazd)

  • Nasrollahi , Zahra

    (Associate Professor of Economics, University of Yazd)

  • Parsa, Hojat

    (Assistant Professor of Economics, Uinversity of Persian Gulf)

Abstract

Women, as half of the population of the society, play a decisive role in economic, political and social activities. So, in this paper, the effects of monetary, supply of female labor force and technology shocks on macroeconomic variables such as production, employment of women and men, total employment and gender inequality in the labor market are discussed, in the framework of a DSGE model. The results indicate that monetary and technology shocks increase production, employment of women and men, and total employment. These shocks increase men's employment more than women's, and as a result, gender inequality in the labor market increases. Supply of female labor force shock increases production, total employment and women's employment, and reduces men's employment, as a result, gender inequality in the labor market decreases. This study helps economic policymakers and planners to assess the impact of these shocks on economic variables, especially on the employment of men and women, and gender inequality in the labor market, and, by adopting appropriate policies, reduce the inefficiencies

Suggested Citation

  • Zare Shahneh, Mohammad Mehdi & Nasrollahi , Zahra & Parsa, Hojat, 2020. "The impact of gender inequality on macroeconomic variables in the framework of a DSGE model," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 7(1), pages 29-60, May.
    • Handle: RePEc:ris:qjatoe:0177
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    More about this item

    Keywords

    gender inequality; employment; calibration; DSGE model;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets

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