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- Title
NON-REGULAR EMPLOYMENT OF WOMEN AND ECONOMIC GROWTH.
- Authors
Kei Murata
- Abstract
This paper analyzes the interaction between non-regular employment of women and economic growth patterns by an overlapping-generations model, mainly based on Galor and Weil (1996), Groezen, Leers, and Mejidam (2003), and Cardak (2004). In this paper, we consider two types of individuals, men and women, following Galor and Weil (1996), and the household utility level is influenced by their own consumption levels, childcare time, and educational expenditure on their children, mainly based on Cardak (2004). We assume that a household assigns its 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 parental human capital levels, educational expenditure by his/her parents, and parental childcare time. Moreover, we introduce a pay-as-you-go pension system in the model, based on Groezen, Leers, and Mejidam (2003), and consider the effect of a public pension policy that raises the rate of pension insurance on fertility rate, human capital accumulation, and economic growth patterns. This paper is motivated by the declining birthrate, aging population, and the rising rate of pension insurance in Japan. In recent years in Japan, although women have the same educational background and abilities as men, most women become non-regular employees after marriage and childbirth, thus reducing household income and increasing the burden on educational expenditure. We find that there is no assurance that the rise of the wage rate of non-regular employees has positive effect on economic growth under the public pension policy that raises the rate of pension insurance.
- Subjects
ECONOMIC development; WOMEN employees; CONSUMPTION (Economics); CHILD care; HUMAN capital; POPULATION aging; INSURANCE; PENSIONS
- Publication
Global Business & Economics Anthology, 2016, Vol 2, p241
- ISSN
1553-1392
- Publication type
Article