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Gendering macroeconomic analysis and development policy: a theoretical model

Author

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  • Onaran, Özlem
  • Oyvat, Cem
  • Fotopoulou, Eurydice

Abstract

The aim of this study is to develop a feminist Post-Keynesian/Post-Kaleckian model to theoretically analyze the effects of labor market and fiscal policies on growth and employment. The study develops a three-sector gendered macroeconomic model with physical and social sectors (health, social care, education, childcare) in the public and private market economy, and an unpaid reproductive sector providing domestic care. It provides a theoretical analysis of the effects on GDP, productivity, and employment of men and women in both the short and long run, as a consequence of (1) fiscal policies, in particular public spending on social infrastructure, and (2) decreasing gender wage gaps, particularly within the social sector dominated by women. This theoretical analysis provides a basis to further analyze the impacts of an upward convergence in wages, other types of fiscal spending, and taxes.

Suggested Citation

  • Onaran, Özlem & Oyvat, Cem & Fotopoulou, Eurydice, 2022. "Gendering macroeconomic analysis and development policy: a theoretical model," Greenwich Papers in Political Economy 30933, University of Greenwich, Greenwich Political Economy Research Centre.
    • Handle: RePEc:gpe:wpaper:30933
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    File URL: http://gala.gre.ac.uk/id/eprint/30933/5/30933%20ONARAN_Gendering_Macroeconomic_Analysis_And_Development_Policy_%28AAM%29_2021.pdf
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    Cited by:

    1. Oyvat, Cem & Onaran, Özlem, 2022. "The effects of social infrastructure and gender equality on output and employment: The case of South Korea," World Development, Elsevier, vol. 158(C).
    2. Mark Setterfield, 2024. "Integrating the Social Reproduction of Labour into Macroeconomic Theory," Working Papers 2405, New School for Social Research, Department of Economics.
    3. Aashima Sinha, 2023. "The Road to Gender-Equitable Growth: A State-level Analysis of Social Reproduction in the U.S," Working Paper Series, Department of Economics, University of Utah 2023_03, University of Utah, Department of Economics.
    4. Zuazu-Bermejo, Izaskun, 2024. "Reviewing feminist macroeconomics for the XXI century," ifso working paper series 30, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
    5. Sheila Dow, 2020. "Gender and the future of macroeconomics: an evolutionary approach," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 55-66, May.
    6. Cajas Guijarro, John, 2022. "Unpaid family labor and self-employment: Two multi-sector models of capitalist reproduction and endogenous cycles," MPRA Paper 116581, University Library of Munich, Germany.

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