Financial Development and Female Labor Income Share: Evidence from Global Data

Adem Elveren () and Hale Kirmizioglu ()
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Hale Kirmizioglu: Faculty of Economics and Administrative Sciences, Kirsehir Ahi Evran University

World Journal of Applied Economics, 2022, vol. 8, issue 1, 35-49

Abstract: While there has been sizable literature on the effect of financial development on growth, inequality, and poverty, there are fewer studies on its impact on female labor force participation or women’s wellbeing. Using a novel dataset, this paper investigates the association between the dimensions of financial development and female labor income share for 156 countries for the period of 1991-2019 to contribute to the literature on the role of financial development in improving women’s wellbeing. The findings show that financial development is positively associated with women’s income in high-income countries but not in low-income countries. The main implication of the study is that financial development in poor countries is not sufficiently inclusive enough to create economic opportunities for women.

Keywords: Financial development; Financial inclusion; Economics of gender; Gender inequality; Female labor force participation (search for similar items in EconPapers)
JEL-codes: E44 J16 O16 (search for similar items in EconPapers)
Date: 2022
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Working Paper: Financial Development and Female Labor Income Share: Evidence from Global Data (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ana:journl:v:8:y:2022:i:1:p:35-49

DOI: 10.22440/wjae.8.1.3

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