Impact of Gender Inequality on Long-Term Economic Growth in Mongolia
Increasing the participation of women in the labor force can help boost overall economic growth in Mongolia, where the participation rate for working-age women is 53.4%, compared to 68.3% for men. The coronavirus disease pandemic is expected to have worsened this gender gap. Asian Development Bank estimates show that eliminating gender inequality at work and at home would increase female labor force participation in Mongolia to 63.2%, which would boost the annual per capita economic growth rate by 0.5 percentage points.
- Female Labor Force Participation in Mongolia
- The Model
- Fostering Women's Labor Force Participation: International Perspectives
- Conclusions and Policy Recommendations