Discriminación salarial de género, efectos en la política monetaria y fluctuación cíclica del producto

Gender pay gap, effects on monetary policy and cyclical output fluctuation

Joab Valdivia Coria

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this research is to demonstrate the benefits of monetary policy based on wage equality in the labor market. The investigation considers the unpaid work that women assume, within the household. The results demonstrate wage discrimination between men and women is related to differential labor costs. Unemployment women take on unpaid work at home due to a decrease in their bargaining power compared to men in taking on household chores. Simulations show that an expansionary monetary policy is less effective the larger the wage gap between men and women is. With a wage gap of 17pp, Bolivia loses 0.16pp of GDP growth as a consequence of positive monetary policy shocks.

Keywords: Dynamic stochastic general equilibrium (DSGE) model; gender wage discrimination; unpaid work; monetary policy transmission (search for similar items in EconPapers)
JEL-codes: D13 D31 E32 E52 J71 (search for similar items in EconPapers)
Date: 2023-02-09
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116271

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