Gendering macroeconomic analysis and development policy: a theoretical model

Ozlem Onaran, Cem Oyvat and Eurydice Fotopoulou

No 30933, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

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.

Keywords: gender gap; social infrastructure; feminist macroeconomics; post-Keynesian economics (search for similar items in EconPapers)
Date: 2022-03-10
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Citations: View citations in EconPapers (10)

Published in Feminist Economics 3.28(2022): pp. 23-55

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http://gala.gre.ac.uk/id/eprint/30933/5/30933%20ON ... y_%28AAM%29_2021.pdf

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Journal Article: Gendering Macroeconomic Analysis and Development Policy: A Theoretical Model (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:gpe:wpaper:30933

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