Gender inequality and economic growth: a critical review

Abstract

The link between gender inequality and economic growth is a topic that is of growing interest, both in the academic literature and the policy arena. In this paper, we survey the literature that analyses this relationship from a macroeconomic perspective. We argue that that the existing theories provide a wide range of mechanisms through which these two variables may affect each other but also that more work needs to be carried out to obtain quantitative predictions out of these models. In the empirical arena, we note the lack of connection between most studies and the existing theories described earlier. In both cases, we propose approaches to alleviate these problems.