Some preliminary evidence of the impact of the 2008-2009 financial crisis on women

Richard Grabowski and Sharmistha Self

Applied Economics, 2014, vol. 46, issue 30, 3673-3681

Abstract: Beginning in late 2007 and into 2008, a financial crisis originating in the United States spread throughout the world. This article seeks to present preliminary evidence of the impact of this crisis on female labour force participation and the proportion of females working in nonagricultural sectors. A panel data set involving 171 countries is utilized, and the results indicate that the financial crisis led to increases in female labour force participation as well as the proportion of females working in the nonagricultural sector. There are differences in impact for countries of various income levels (low, middle and high). In addition, female political power has also led to increases in the economic participation of females.

Date: 2014
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DOI: 10.1080/00036846.2014.937039

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