Francesco Furlanetto 🇺🇦 @furlanetto.bsky.social · 28/11/2024Female-to-male ratios on employment rates and wages have increased substantially over time. However, this “grand convergence” stopped around 2000. Our key question: Is the gender convergence important for the US macroeconomy? 2/N 100 0
Francesco Furlanetto 🇺🇦 @furlanetto.bsky.social · 28/11/2024We find that the trends driving the gender convergence (in green and light blue) have played a big role. During the 1970s, 80s and 90s, they account for 30-50% of trend GDP growth, 20-40% of trend productivity growth, and almost all the increase in trend employment. 3/N 100 0
Francesco Furlanetto 🇺🇦 @furlanetto.bsky.social · 28/11/2024The gender convergence stopped around 2000, with major negative effects on the macroeconomy: this explains around half of the overall decline in trend GDP growth and trend productivity growth between the 1990s and the 2010s. 4/N 100 0
