Discriminación salarial de género, efectos en la política monetaria y fluctuación cíclica del producto

Valdivia Coria, Joab Dan (2023): Discriminación salarial de género, efectos en la política monetaria y fluctuación cíclica del producto.

Abstract

The purpose of this research is to demonstrate the benefits of monetary policy based on wage equality in the labor market. The investigation considers the unpaid work that women assume, within the household. The results demonstrate wage discrimination between men and women is related to differential labor costs. Unemployment women take on unpaid work at home due to a decrease in their bargaining power compared to men in taking on household chores. Simulations show that an expansionary monetary policy is less effective the larger the wage gap between men and women is. With a wage gap of 17pp, Bolivia loses 0.16pp of GDP growth as a consequence of positive monetary policy shocks.

• Item Type: MPRA Paper
• English Title: Gender pay gap, effects on monetary policy and cyclical output fluctuation
• Language: Spanish
• Keywords: Dynamic stochastic general equilibrium (DSGE) model, gender wage discrimination, unpaid work, monetary policy transmission
• Subjects: D - Microeconomics > D1 - Household Behavior and Family Economics > D13 - Household Production and Intrahousehold Allocation; D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; J - Labor and Demographic Economics > J7 - Labor Discrimination > J71 - Discrimination

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