JOB DISCRIMINATION AGAINST WOMEN AND ENDOGENOUS POPULATION CHANGE IN A GENERALIZED SOLOW GROWTH MODEL
This study examines economic growth and population change with discrimination against women in the labor market within the analytical framework of Solow’s neoclassical growth model. The study models dynamic interactions between wealth accumulation, time distribution between work, children caring, an...
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| Format: | Article |
| Language: | English |
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Editura Univeristatii "Stefan cel Mare" din Suceava
2017-06-01
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| Series: | USV Annals of Economics and Public Administration |
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| Online Access: | http://annals.seap.usv.ro/index.php/annals/article/view/892/852 |
| Summary: | This study examines economic growth and population change with discrimination against women in the labor market within the analytical framework of Solow’s neoclassical growth model. The study models dynamic interactions between wealth accumulation, time distribution between work, children caring, and leisure, population change with endogenous birth and mortality rates with gender discrimination. The production technology and markets are built on Solow’s neoclassical growth model. The basic mechanisms for population changes in the Barro-Becker fertility choice model and the Haavelmo population model are integrated to model the population change. This study also takes account of discrimination against woman in the labor market. We synthesize these dynamic forces in a compact framework by applying Zhang’s utility function. The model properties are studied by simulation. We find equilibrium points and illustrate motion of the dynamic system. We also examine the effects of changes in the discrimination against woman, the propensity to save, woman’s propensity to pursue leisure activities, the propensity to have children, woman’s human capital and man’s emotional involvement in children caring. |
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| ISSN: | 2285-3332 2344-3847 |