To analyse how gender equality measures can contribute to economic growth in the EU, the European Institute for Gender Equality (EIGE) studied the impacts of reducing gender inequalities in areas relevant from a macroeconomic perspective: STEM (science, technology, engineering and mathematics) education, labour market activity and pay. It also considered the demographic changes when these gender gaps are reduced.
The study on the economic benefits of gender equality is the first of its kind to use a robust econometric model to estimate a broad range of macroeconomic benefits of gender equality at EU level.
The overall results show that improvements in gender equality would lead to:
- a large increase in the number of jobs that would benefit both women and men;
- up to 10.5 million additional jobs by 2050, many of which would be filled by women;
- strong, positive GDP per capita impacts that grow over time;
- an increase in EU GDP per capita of up to nearly 10 % by 2050.