A New Growth Engine for Japan: Women in STEM Fields; Japan

Despite recent improvements in female labor force participation, women remain underrepresented in STEM fields in Japan. Given the close link between STEM workers and innovation, encouraging women to pursue STEM careers could boost growth potential.
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Volume/Issue: Volume 2023 Issue 030
Publication date: May 2023
ISBN: 9798400242366
$15.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Money and Monetary Policy , International - Economics , Gender Studies , STEM workers , women , endogenous growth , heterogenous talent , innovation , TFP growth , consumption-equivalent welfare , Japan , STEM field , STEM career , STEM worker , Gender inequality , Labor markets , Gender diversity , Total factor productivity

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Summary

Despite recent improvements in female labor force participation, women remain underrepresented in STEM fields in Japan. Given the close link between STEM workers and innovation, encouraging women to pursue STEM careers could boost growth potential. Using a calibrated endogenous growth model with STEM talent, this paper quantifies the potential gains from eliminating barriers to STEM fields among women. The findings suggest that bridging the gender gap in STEM fields can boost TFP growth by 20 percent and consumption-equivalent welfare by 4 percent in Japan.

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