Macroeconomic benefits of gender equality From European Commission

The following is the Macroeconomic benefits of gender equality From European Commission recommended by recordtrend.com. And this article belongs to the classification: Consumer research, research report.

The European Commission has released a new report “the benefits of gender equality on the macro economy”. Equality between men and women in all fields is a fundamental right stipulated in the EU Charter of fundamental rights. The gender equality index is a comprehensive index regularly published by the European Institute for gender equality, which reflects gender inequality in the fields of work, money, knowledge, time, power and health. In 2021, the score of the whole EU was 68 (out of 100), ranging from 52.5 in Greece to 83.9 in Sweden.

Even though substantial progress has been made in the past few decades, women in the EU still have fewer paid jobs than men, and their income is far lower than that of men. Compared with the previous economic recession, the impact of the new coronal pandemic on EU employment is more obvious in terms of gender differences. In most EU Member States, the working hours of employed women during the new coronal pandemic decreased more than that of men, usually to assume the responsibility of child care and long-term care. During the closure of schools, formal care and services, women who assume care responsibilities bear a disproportionate burden, which may affect their future career development.

Women work less paid hours

The female employment rate (20-64 years old) in Europe has been rising steadily, from 57% in 2000 to 67% in 2020, an increase of 10 percentage points. The improvement of education level, the expansion of service industry and the change of gender norms have all contributed to this trend. Over the same period, the male employment rate increased by about 3 percentage points, from 75% to 78%. At the same time, this means that there is still a huge gap: in 2020, the gender employment gap in the EU will be 11 percentage points or the female employment rate will be 14% of the male employment rate. The new crown pandemic reduced the male employment rate by nearly 1 percentage point and the female employment rate by about half. In 2020, the gender gap in employment rates in specific countries / regions ranges from 27% in Italy to 2% in Lithuania, highlighting strong national differences.

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