International Conference on Eurasian Economies
24-25 August 2021 – Istanbul, TURKEY and ONLINE
Paper properties
Paper ID : 2532
Status : Paper published
Language : Turkish
Topic : Labor Economics and Migration
Presenter: Dr. Duygu Serin Oktay
Session : 4B İstihdam
Women's Labor Force Participation and Economic Growth: Evidence from Transition Economies
Kadınların İşgücüne Katılımı ve Ekonomik Büyüme: Geçiş Ekonomileri Üzerine Bulgular
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
- Dr. Duygu Serin Oktay (Çukurova University, Türkiye)
Abstract
Sustainable economic growth at national and global level depends on the significant participation of women in the labor force. Because women compose half of the world population in terms of human capital and labor. Despite the developments in recent years, there is still gender inequality in labor markets around the world and labor force participation rate of women is lower than men. There are many factors affecting the participation of women in the labor force in all developed and developing countries. The effect levels of these factors on the participation rate differ depending on the development levels of the countries. In this context, the role of women's education and labor force participation on development is an important issue especially for all developing country. Therefore, the aim of the study is to examine the relationship between women's labor force participation rates and economic growth in transition economies. For this purpose, the generalized method of moments, which is a dynamic panel data analysis technique, is applied in the study using data between 1995-2019. Analysis findings reveal that there is a U-shaped relationship between women's labor force participation rate and economic growth in transition economies competible with the literature. As a result, reducing gender inequality and increasing women's labor force participation rates positively affect economic growth, income inequality and social welfare, so it is great importance that policy practitioners create a comprehensive women's employment policy and ensure that women play an active role in the labor force.
JEL codes: J16, J21
Algan, Neşe, Serin Oktay, Duygu (2021). "Women's Labor Force Participation and Economic Growth: Evidence from Transition Economies" in Proceedings of International Conference of Eurasian Economies 2021, pp.232-238, Istanbul, TURKEY and ONLINE.
DOI: https://doi.org/10.36880/C13.02532
