A woman's labor participation and economic growth: Creativity, knowledge utilization and family preference

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Abstract

This study suggests a one-sector neoclassical growth model with endogenous knowledge to examine the impact of a woman's labor participation upon the long-run economic growth and knowledge accumulation in a perfectly competitive system. We show that a woman's labor participation may either stimulate or harm economic development and knowledge accumulation, depending upon the changes due to the participation, in the time distribution between the wife and the husband, the family preference, the education efficiency of the young generation, the creativity, and knowledge utilization efficiency of the male and the female population.

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