A year ago, the world changed. While the pandemic’s effect on workers has varied worldwide, the new reality has left many mothers scrambling. With schools and daycares closed, many were forced to leave their jobs or cut the hours they worked. […]
By Chie Aoyagi
Japan’s voluntary month-and-a-half shutdown of the economy in April due to COVID-19 has had a higher cost for women than men. A key reason: a “guilt gap” between women and men, where women often feel compelled to take on more professional sacrifices.
Close to one million women—the majority of whom worked in temporary and part-time positions—left the labor force between December and April.
Amid massive disruptions to childcare and schools, research in an IMF Working Paper has helped solidify a universal truth: Women rather than men often face greater responsibility and guilt for being neither […]
September 19, 2018
Women are underrepresented at all levels of the global financial system, from depositors and borrowers to bank board members and […]
August 6, 2018
In the battle for the parity of the sexes, some countries have made progress in reducing inequality—such as in access to health care, education, and financial […]
March 5, 2018
Women who live in countries with stronger protection against harassment, including at work, are more likely to open a bank account, borrow and save, and use financial services such as mobile payments (iStock by Getty Images).
This International Women’s Day is bringing new calls to #pressforprogress on gender […]
November 22, 2017
Women count. They contribute to society in every way, including as a crucial part of their countries’ economic growth and prosperity.
Not long ago, few people would have expected […]
May 11, 2017
Much has been written about the relationship between inequality and economic development, but theory remains inconclusive. When income is more concentrated in the hands of a few individuals, this can lead to less demand by the general population and lower investment in education and health, impairing long-term growth. At the same time, a certain level of inequality endows the rich […]
Rising inequality is both a moral and economic issue that has implications for the general health of the global economy, and impacts prosperity and growth.
So it’s not surprising that reducing inequality is an integral part of the Sustainable Development Goals adopted by world leaders at the United Nations summit in September. I often discuss with my colleagues where sub-Saharan Africa stands with respect to these […]