Every Woman Counts: Gender Budgeting in G7 Countries

From IMF direct by Managing Director Christine Lagarde:

“(…) despite progress made by most G7 countries in improving gender equality (see chart below), there is still a large unfinished agenda. For example, in advanced industrial countries, women’s labor market participation rate is about 17 percentage points lower than men’s. The wage gap between women and men amounts to roughly 14 percent. The share of male managers is almost double that of women, and almost 70 percent of unpaid work is performed by women.

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The point I was making to the G7 countries is that, to make further progress, national budgets can be used more actively as a tool to support gender equality. For example, in advanced economies, tax policies play an important role in addressing disincentives for secondary earners to work. Spending policies can help too, for instance by supporting childcare facilities. One example is the Canadian child benefit scheme, which helps families with the cost of childcare through a tax-free, income-tested benefit. This and other examples are listed in the table below.”

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Continue reading here.

Posted by at 6:36 PM

Labels: Unemployment

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