Economic Complexity as a Determinant of Gender Inequality in Labor Market: Evidence from G7 Countries
摘要
Female labor force participation is one of the best macroeconomic indicators of gender inequality. It serves as a general understanding about the inclusion of women in labor markets. In this manner, exploring the determinants of female labor force participation rate to propose better policy implications for decreasing gender discrimination, has become an important study area. However, there is still a significant gap in detecting emerging factors in today’s complex world. The contemporary global economy is characterized by the international trade of competitive products and this competitiveness is mainly determined by the technology level of the production. The countries producing high-technology products which are rare in the global market have higher economic complexity levels and a higher rate of economic complexity means higher productivity and competition. At this point, a critical question arises: Is a more complex economy better for women? In this context, this study aims to explore the impact of economic complexity on female labor force participation in G7 countries between 1995 and 2021. It tries to fill the gap in the related literature by the country group explored.