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Capital market integration and gender inequality
Author(s) -
Komura Mizuki,
Ogawa Hikaru
Publication year - 2019
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/rode.12593
Subject(s) - globalization , economics , capital (architecture) , inequality , labour economics , wage inequality , fertility , capital intensity , capital deepening , wage , demographic economics , human capital , financial capital , capital formation , market economy , population , mathematical analysis , mathematics , archaeology , demography , sociology , history
This study explores the effects of globalization on gender inequality. Specifically, we describe how, in terms of capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital‐intensive sectors. Consequently, via changes in the bargaining positions of men and women, globalization leads to opposite effects on the couple's labor supply and fertility decisions in capital‐importing and capital‐exporting countries. Moreover, by considering the properties of the industrial structures of capital‐importing and capital‐exporting countries, we show that globalization induces empirically observed declines in fertility rates throughout the world.