How to make Ireland richer.
Read more about: Women's Rights
Gender discrimination is economically inefficient since it prevents equalisation of marginal products. Recent simulations based on calibrated macro models indicate that the economic loss is large. In one thought experiment, the research suggests that a very large fraction of the income differences between many nations and the US is due to gender inequality.
We find that, for several countries, a very large fraction of the difference in output per capita relative to the US is due to gender inequality. For countries such as Ireland and Saudi Arabia, wage discrimination actually explains all of the output difference with the US. In other words, were it not for gender discrimination, citizens of Ireland and of Saudi Arabia would be as rich or richer than US citizens.
Quiet interesting. By the way according to Gender Gap report which this report used as the basis for countries inequality measure. Ireland ranked 10th out of 115 which surprises me (thought we would be worse). You can see what we score well on and bad on here.
A breakdown in our ranks is here.
Economic Participation and Opportunity 47th
Labour force participation 54th
Wage equality for similar work (survey) 27 th
Income (PPP US$) 86th
Legislators, senior officials, and managers. 42th
Professional and technical workers 1st
Educational Attainment 1st
Literacy rate 1st
Enrolment in primary education..1st
Enrolment in secondary education 1st
Enrolment in tertiary education …..1st
Health and Survival 81th
Sex ratio at birth (female/male) .101th
Healthy life expectancy (years) ..66 th
Political Empowerment 9th
Women in parliament…..64th
Women in ministerial positions. 28th
Years with female head of state (last 50) ..2nd