This approach demonstrates the effects of gender inequalities by enhancing macroeconomic models. Bernard Walters shows that traditional neoclassical models fail to adequately assess work related to reproduction by assuming that the population and labor are determined exogenously. That fails to account for the fact that inputs are produced through caring labor, which is disproportionately performed by women. Stephen Knowels et al. use a neoclassical growth model to show that women's education has a positive statistically significant effect on labor productivity, more robust than that of men's education. In both of these cases, economists highlight and address the gender biases of macroeconomic variables to show that gender plays a significant role in models' outcomes.
This app.roach demonstrates the effects of gender inequalities by enhancing macroeconomic models. Bernard Walters shows that traditional neoclassical models fail to adequately assess work related to reproduction by assuming that the population and labor are determined exogenously. That fails to account for the fact that inputs are produced through caring labor, which is disproportionately performed by women. Stephen Knowels et al use a neoclassical growth model to show that women's education has a positive statistically significant effect on labor productivity, more robust than that of men's education. In both of these cases, economists highlight and address the gender biases of macroeconomic variables to show that gender plays a significant role in models' outcomes.