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How much does the same treatment of women and men affect the economy?

2024-02-17 13:14:13Lifestyle SHKRUAR NGA REDAKSIA VOX

How much does the same treatment of women and men affect the economy?

Closing the gap in women's participation in the labor force would increase the level of Albania's Gross Domestic Product by 5 percent. An IMF analysis calculates the added output that could be generated by closing the gender gap in terms of labor force participation, wage levels, hours worked and types of occupations. The analysis takes into account the working age of the population for one male and one female and simulates the output of an economy where female workers have the same labor force as male workers, ie, there is no gender gap. Applying this analysis to Albania, it shows that increasing the participation of women in the labor force would increase the GDP level by 5 percent. And in addition, closing the gap in wages, hours of work and the gap in occupation would result in an increase in the level of GDP by 10 percent.

According to analysis by the International Monetary Fund, the gender gap in labor force participation varies from region to region. The gender force participation gap ranges from 20 percentage points in some counties to below 5 percentage points. The gender gap is measured in relation to total labor force participation. However, there is no clear correlation with regional added value per inhabitant. The IMF points out that further research would be needed to understand the reasons behind these regional differences. However, these geographical differences can help better define gender policies.

The difference between female and male labor force participation is only one dimension of the gender gap. The gender gap can be assessed in several indicators, such as gender differences in education, health, political representation and employment.


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