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Closing the Gender Gap
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Closing the Gender Gap

The economic benefits of bringing more women into the labor force are greater than previously thought

Era Dabla-Norris and Kalpana Kochhar
Finance & Development , 2019
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It is old news that women make less money than men, even in the same profession and with similar levels of experience and education. But new research tallies the macroeconomic impacts of the disparities, suggesting that promoting workforce gender equality can deliver economic growth in both developed and emerging economies. This insightful, accessible article by IMF researcher Era Dabla-Norris and HR professional Kalpana Kochhar highlights the steps government officials should take to redress the issue.

Take-Aways

  • A 2017 study by the IMF reveals that the disadvantages women face in labor markets lower GDP in the developed countries by an estimated 10% and more than 30% in the developing economies.
  • The economic benefits of tearing down those barriers may bring more sustainability as well increases in output.
  • Men and women bring different, but complementary, viewpoints and skills to decision making. 

About the Authors

Era Dabla-Norris is a division chief in the fiscal affairs department of the International Monetary Fund. Kalpana Kochhar directs the IMF’s human resources department.

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