We start a new course in our Fridays Academy series. Starting today, every Friday we will cover one topic related to Gender and Macroeconomic Policy. These postings are based on Raj Nallari and Breda Griffith's lecture notes.
Introduction
Gender refers to the social meanings given to biological differences between the sexes and is therefore shaped by the mores and norms of each culture. It is a social category similar to other social categories like race, ethnicity, class and age, although some aspects remain common such as child-bearing and rearing for women and military service for men.
Gender extends beyond the realms of ideology and culture to economics. For example, the division of labor within most societies was based on gender. Differentiating between productive activities – income generating activities normally linked to the market – and reproductive activities – non-income generating activities such as the care and development of people – traditionally followed a gender divide with females traditionally bearing the responsibility for reproductive activities as well as contributing to productive activities (Ça?atay, Engendering Macroeconomics and Macroeconomic Policies, 1998).
Yet mainstream economic analysis has not allowed for gender – the individual as the basic category of analysis has no gender and expected to follow a utility-maximizing course in a rational manner. Over the last few decades however, it has come to be accepted that using gender as a category of analysis yields informative and important insights to the growth and development of an economy.