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A Computable OLG Model for Gender and Growth Policy Analysis

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  • Pierre-Richard Agénor

Abstract

This paper develops a computable Overlapping Generations (OLG) model for gender and growth policy analysis. The model accounts for human and physical capital accumulation (both public and private), intra- and inter-generational health persistence, fertility choices, and women's time allocation between market work, child rearing, and home production. Bargaining between spouses and gender bias, in the form of discrimination in the work place and mothers' time allocation between daughters and sons, are also accounted for. The model is calibrated for a low-income country and various experiments are conducted, including improved access to infrastructure, an increase in subsidies to child care, and a reduction in gender bias. By focusing on steady-state effects, based on an explicit analytical characterization of the long-run equilibrium, the model provides a practical tool that may help to integrate more systematically interactions between structural policies, gender, and growth.

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  • Pierre-Richard Agénor, 2012. "A Computable OLG Model for Gender and Growth Policy Analysis," Centre for Growth and Business Cycle Research Discussion Paper Series 169, Economics, The University of Manchester.
    • Handle: RePEc:man:cgbcrp:169
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    1. Agénor, Pierre-Richard & Canuto, Otaviano, 2013. "Gender Equality and Economic Growth in Brazil," World Bank - Economic Premise, The World Bank, issue 109, pages 1-5, March.
    2. Agénor, Pierre-Richard & Canuto, Otaviano, 2015. "Gender equality and economic growth in Brazil: A long-run analysis," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 155-172.

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