A macroeconomic analysis of the effects of gender inequality, wages, and public social infrastructure: the case of the UK

Ozlem Onaran, Cem Oyvat and Eurydice Fotopoulou

No 31217, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

Abstract: The aim of this paper is to develop a model to analyze the macroeconomic effects of two dimensions of inequalities – gender inequality and functional income distribution- and public spending, in particular in social infrastructure, on output, productivity and hours of employment of men and women. We estimate the model econometrically using an IV-GMM estimator and time series data for the period of 1970-2016 for the UK. For the estimation of productivity, we use IV-GMM estimations based on panel data for 18 industries for the period of 1970-2015. We find that output in the UK is both gender equality-led and wage-led, and hence generally equality-led. Public social infrastructure investment has a high positive effect on both output and employment. Despite a strong positive effect on productivity, employment of both men and women increase in the medium run.

Keywords: gender wage gap; functional income distribution; social infrastructure; productivity; employment (search for similar items in EconPapers)
Date: 2022-04-03
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Citations: View citations in EconPapers (6)

Published in Feminist Economics 2.28(2022): pp. 152-188

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http://gala.gre.ac.uk/id/eprint/31217/11/31217%20O ... ty_%28OA%29_2022.pdf

Related works:
Journal Article: A Macroeconomic Analysis of the Effects of Gender Inequality, Wages, and Public Social Infrastructure: The Case of the UK (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:gpe:wpaper:31217

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