Economic benefits of gender equality: Labour market activity and equal pay

In the EU women earn
over 16 % less than men per hour. Moreover, ignoring the potential of women
in the labour market has a negative effect on the income and occupational pensions,
which undermines their economic independence Imagine there were employers who promoted part-time and
flexible working arrangements. Imagine equal opportunities for women and men across sectors, occupations and
levels of responsibility. This would lead to a huge
upturn in the European economy. More women entering the labour force
could mean up to 6 million more jobs by 2050. And a GDP increase of
5.5 % or EUR 1 490 billion by 2050. Equality between women and men
is one of the EU’s founding values. EIGE’s study on
economic benefits of gender equality assesses the impact of better gender balance
in education, employment and wages. It also looks at how gender equality
can address ageing population challenges in the EU. The study shows
that gender equality in one domain has spill-over effects in other domains. With more active measures
towards gender equality, the overall employment rate would reach almost 80 % by 2050. Putting gender equality
at the heart of all policies would unlock the full potential of the European Union.

One Reply to “Economic benefits of gender equality: Labour market activity and equal pay”

  1. “The emancipation of women, the achievement of full equality between the sexes, is one of the most important, though less acknowledged prerequisites of peace. The denial of such equality perpetrates an injustice against one half of the world’s population and promotes in men harmful attitudes…" ~ Baha'i Faith

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