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A New Growth Engine for Japan: Women in STEM Fields; Japan
Author:
Rui Xu https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Selected Issues Papers
Volume/Issue:
Volume 2023: Issue 030
Language:
English
Publication Date:
18 May 2023
DOI:
https://doi.org/10.5089/9798400242366.018
ISBN:
9798400242434
ISSN:
2958-7875
Pages:
14
Keywords:
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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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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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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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund