The main implication of the study is that financial development in poor countries is not sufficiently inclusive enough to create economic opportunities for women.
📌 3 Key Takeaways
🎯
Objective & Hypothesis:While there has been sizable literature on the effect of financial development on growth, inequality, and poverty, there are fewer studies on its impact on female labor force participation or women’s wellbeing.
📊
Key Findings & Data:Using a novel dataset, this paper investigates the association between the dimensions of financial development and female labor income share for 156 countries for the period of 1991-2019 to contribute to the literature on the role of financial development in improving women’s wellbeing.
💡
Conclusion & Impact:The main implication of the study is that financial development in poor countries is not sufficiently inclusive enough to create economic opportunities for women.
🔬Design:Research Article
📍Scope:2019 Verileri
⚙️Variables:Domain Parameters
Abstract
While there has been sizable literature on the effect of financial development on growth, inequality, and poverty, there are fewer studies on its impact on female labor force participation or women’s wellbeing. Using a novel dataset, this paper investigates the association between the dimensions of financial development and female labor income share for 156 countries for the period of 1991-2019 to contribute to the literature on the role of financial development in improving women’s wellbeing. The findings show that financial development is positively associated with women’s income in highincome countries but not in low-income countries. The main implication of the study is that financial development in poor countries is not sufficiently inclusive enough to create economic opportunities for women.
🔖
Cite This Article
ELVEREN, A. Y., KIRMIZIOĞLU, H. (2022). Financial Development and Female Labor Income Share: Evidence from Global Data. World Journal of Applied Economics, Cilt: 8 - Sayı: 1, 35–49. https://ajindex.com/articles/646420
Linkages between Innovation, Financial Development and Female Labor Force Participation: Evidence from India (Working Paper). SSRN. doi:10.2139/ssrn.3903166 Alesina, A., Giuliano, P., & Nunn, N. (2013). On the Origins of Gender Roles: Women and the Plough. Quarterly Journal of Economics, 128 (2), 469-530. doi:10.1093/qje/qjt005 Arellano, M., & Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. Review of Economic Studies, 58 (2), 277-297. doi:10.2307/2297968 Arellano, M., & Bover, O. (1995). Another Look at the Instrumental Variable Estimation of Error Component Models. Review of Economic Studies, 68 (1), 29-51. doi:10.1016/0304- 4076(94)01642-D Arnold, J., & Gammage, S. (2019). Gender and Financial Inclusion: The Critical Role for Holistic Programming. Development in Practice, 29 (8), 965-973. doi:10.1080/09614524.2019.1651251 Asiedu, E., Kalonda-Kanyama, I., Ndikumana, L., & Nti-Addae, A. (2013). Access to Credit by Firms in Sub-Saharan Africa: How Relevant is Gender? American Economic Review: Papers & Proceedings, 103 (3), 293-297. doi:10.1257/aer.103.3.293 Asongu, S. A., & Odhiambo, N. M. (2018).
ICT, Financial Access and Gender Inclusion in the Formal Economic Sector: Evidence from Africa (Working Paper No. WP/18/058). African Governance and Development Institute. Autor, D. H. (2015). Why Are There Still So Many Jobs? The History and Future of Workplace Automation. Journal of Economic Perspectives, 29 (3), 3-30. doi:10.1257/jep.29.3.3 Autor, D. H., & Dorn, D. (2013). The Growth of Low Skill Service Jobs and the Polarization of the U.S. Labor Market. American Economic Review, 103 (5), 1553-97. doi:10.1257/aer.103.5.1553 Balasubramanian, S. A., Kuppusamy, T., & Natarajan, T. (2019). Financial Inclusion and Land Ownership Status of Women. International Journal of Development Issues, 18 (1), 51-69. doi:10.1108/IJDI-06-2018-0091
Belluci, A., Borisov, A., & Zazzaro, A. (2010). Does Gender Matter in Bank–firm Relationships? Evidence from Small Business Lending. Journal of Banking & Finance, 34 (12), 2968-84. doi:10.1016/j.jbankfin.2010.07.008 Berik, G., Rodgers, Y. M., & Seguino, S. (2011).
Feminist Economics of Inequality, Development, and Growth. In G. Berik, Y. M. Rodgers, & S. Seguino (Eds.), Inequality, Development, and Growth (p. 1-33).
Routledge, London and New York. doi:10.1080/13545700903093524 Blundell, R., & Bond, S. (1998). Initial Conditions and Moment