Gender wage disparity and economic prosperity in Pakistan

Gender wage disparity and economic prosperity in Pakistan

The present study is designed to examine the relationship between wage inequalities and economic prosperity in the case of Pakistan. Using provincial-level data for the years 2000 to 2020, the study estimated a multivariate regression model by employing Auto Regressive Distributive Lag (ARDL) pooled...

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Bibliographic Details
Published in:Cogent economics & finance Vol. 10; no. 1; pp. 1 - 16
Main Authors: Javed, Maria Faiq, Jadoon, Atif Khan, Malik, Ayesha, Sarwar, Ambreen, Ahmed, Munazza, Liaqat, Saima
Format: Journal Article
Language:English
Published: Abingdon Taylor & Francis 31-12-2022
Cogent
Taylor & Francis Ltd
Taylor & Francis Group
Subjects:
Developing countries
Development economics
development expenditure
E24
Earthquakes
Economic growth
economic prosperity
Economic summit conferences
Economic wellbeing
Education
Expenditures
Female employees
Gender differences
Gender equity
Gender inequality
Gender pay gap
Gender wage gap
Government
Health care expenditures
Human development
Inequality
Infrastructure
Labor force
Labor force participation
labor force participation rate
Labor market
LDCs
Pandemics
Private sector
Prosperity
Provinces
Trends
Wage differential
Wages & salaries
Women
Workforce
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Summary:The present study is designed to examine the relationship between wage inequalities and economic prosperity in the case of Pakistan. Using provincial-level data for the years 2000 to 2020, the study estimated a multivariate regression model by employing Auto Regressive Distributive Lag (ARDL) pooled mean group (PMG) technique. The results reveal that wage inequality, government development spending, labor force participation, and human development significantly affect economic prosperity. It is concluded that gender disparity in the labor market is the main hurdle in the economic wellbeing of the masses in the country. Reducing the differences in wages will enhance overall economic prosperity. The government and private sector should take collaborative measures to reduce wage disparities between the male and female workforce. The study also suggests that government should increase development expenditure, especially on health, education, and social infrastructure, to increase economic prosperity.
ISSN:2332-2039
2332-2039
DOI:10.1080/23322039.2022.2067021