This increase in economic activity stems from an increase in the number of people at work, more women joining the labor force, and increased productivity, as a greater proportion of women become employed in more productive managerial and professional roles.
New Delhi: Narrowing the gender gap in both labor force participation and management in OECD (Organisation for Economic Co-operation and Development) countries has the potential to increase global economic activity by about 7%, or about $7 trillion in today's dollars. , Moody's Analytics said in the report.
"This potential will be further enhanced by bridging the gap in large emerging economies, including India," the report said.
According to the report, the underutilization of women in the workforce, in terms of underutilization of their skills and time, leads to economic losses at the individual and macroeconomic level.
It states, "Bridging the gender gap in management positions and increasing women in the workforce to their potential will increase productivity and economic output around the world."
This increase in economic activity stems from an increase in the number of people at work, more women joining the labor force, and increased productivity, as a greater proportion of women become employed in more productive managerial and professional roles.
According to the World Economic Forum's Global Gender Gap Index, which measures gender equality across economic, educational, health and political dimensions, it will take 132 years to reach full equality at the current rate.
According to Moody's, sectors that will drive future productivity through the increasing digitization of the economy, including information and technology, have a far lower share of women leaders than other service sectors. This alone suggests that women are set to miss out on potential salary and income gains from this fast-growing sector.
The gender gap widens in all areas as you move up the ladder of seniority. Globally, only 23% of executive roles are held by women.
According to the report, this is not linked to women's educational attainment as in most OECD countries and major emerging markets, the number of women aged 25 to 64 with a master's degree or equivalent is higher than that of men.
If women tend to have higher education than men, but are significantly under-represented in middle and senior management roles, we can draw two conclusions: the returns on education are lower for women, and it is less important for women in the workforce. Reflects persistent 'underskilling'. Moody's Analytics said that on average, women make higher initial investments in education but work in lower-level and lower-paying positions, employed below their skill level, as measured by their educational achievements.
No comments:
Post a Comment