1. Non-Regular Employment of Women and Economic Growth.
- Author
-
Kei Murata
- Subjects
WOMEN'S employment ,ECONOMIC expansion ,GOVERNMENT policy ,CAPITAL gains ,HUMAN capital ,HOUSEKEEPING - Abstract
This paper analyzes the interaction between non-regular employment of women and economic growth pattern by overlapping-generations model, mainly based on Galor and Weil(1996), Groezen, Leers and Mejidam(2003), and Cardak(2004). In this paper, we assume that there are two types of individuals, men and women, depending on Galor and Weil(1996), and household's utility level is influenced by their own consumption level, childcare time, and the educational expenditure to their children, mainly based on Cardak(2004). We assume that a household assigns the leisure to childcare and extend the analysis of human capital accumulation in Cardak(2004). In this paper, we assume that the individual's human capital level is determined by the parental human capital level, educational expenditure from his/her parents, and parental childcare time. Moreover, we introduce pay-as-you-go pension system in the model, which depends on Groezen, Leers and Mejidam(2003), and consider the effect of public pension policy to rise the rate of pension insurance on fertility rate, nationwide human capital accumulation, and economic growth pattern. This paper is motivated by declining birthrate, aging population and rising the rate of pension insurance in Japan. In recent Japan, although women have same educational background and ability as men, most women become non-regular employment after marriage and delivery, and it reduces household income and increases the burden imposed on educational expenditure. We find that non-regular employment of women and the public pension policy to rise the annuity price fall fertility rate and it may have negative effect on economic growth in a whole country. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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