World Could Achieve ‘Gender Dividend’ of $172 Trillion from Closing Lifetime Earnings Gaps
WASHINGTON, March 3, 2020 —A new report from the World Bank Group released ahead of International Women’s Day shows that the world could achieve a ‘gender dividend’ of $172 trillion by closing gaps in lifetime labor earnings between women and men.
The study, “How Large is the Gender Dividend? Measuring Selected Impacts and Costs of Gender Inequality,” finds that if women earned the same as men, global human capital wealth could increase by about one-fifth, and women’s human capital wealth could increase by more than half.
“This report builds on past research to highlight the cost of the gender earnings gap, which holds countries back from achieving their full potential,” said Caren Grown, Senior Director of Gender at the World Bank Group. “Improving women’s lifetime earnings opportunities can be achieved by taking actions that redistribute and balance care responsibilities, create a pipeline of talent by closing the gender gap in employment and entrepreneurship, and tackling discriminatory laws and restrictive social norms that hold back girls and women.”
‘How Large is the Gender Dividend?,’ supported by Global Affairs Canada, examines other domains of gender inequality in addition to the earnings gap, including: educational attainment, child marriage and early childbearing; fertility and population growth; health, nutrition, well-being, and violence; and agency, decision-making, and social capital.
:: Gender inequality impacts women throughout their lives but is especially detrimental in adolescence.
:: Child marriage and early childbearing have lasting negative impacts on the health of young women and their children, and entrench gender inequalities.
:: Gender inequality affects many development outcomes, with large intergenerational impacts…