Gender Inequality: Economic and Social Impact

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Gender Inequality and the Economy
For hundreds of years, an uneven distribution of dignity, respect, and overall consideration has been extremely prevalent among different societies and countries across man and woman. Gender inequality is the idea or situation that one gender is of less value than another, and this is caused by the perception of gender roles in our society. It can lead to violent outbreaks of hate between two sexes, unequal pay in the workforce, and discrimination. This issue has been affecting mankind for a countless amount of years, and it cuts deep into our history. Gender inequality continues to impact the population today, not only socially, but economically, and if we were to put an end to this dilemma, then our world would prosper substantially.
While gender inequality is exceedingly different today than it was sixty years ago, there are many challenges that come along with it that still affect us …show more content…

In addition, a 2002 study showed a negative correlation between state income and gender inequality; a lower level of female education attainment commonly resulted in a lower steady-state income (Knowles). As analyst Ernesto Tzannatos has documented in his 1999 paper, when employment segregation is initiated, there is an extreme loss in efficiency due to inequalities, however, if these setbacks are eliminated, then there would be a significant reduction in wage gaps and an increase in total GDP. Cavalcanti and Tavares (2007) have calculated the “output loss” for a cross-section of a country in which they found that a 50% increase in gender wage-gap results in a significant decrease in income of 25%, also, Klasen and Lamanna (2009) found a negative connection between gender inequalities in the workforce and economic growth as well in 1960-90 (Oriana Bandiera and Ashwini

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