Arbeitspapier
Women's empowerment: Aggregate effects on savings and wealth
This article explores the aggregate effects of women's empowerment on intra- and intertemporal household choices within a Bewley-style heterogeneous agent framework to aggregate household level decisions into macroeconomic variables. Emphasis is placed on the role of attitudes towards risk and subsistence consumption. In this context, we find that as women get more empowered, we assume that households show a higher risk aversion reflecting the more risk adverse women's preferences. Thus, households heighten self-insurance by increasing precautionary savings for smoothing consumption and, in turn, this higher level of savings tends to reduce wealth inequality. Also, regardless of income, women's preferences increase food intake in households as women get empowered. The model is calibrated with the 2014 National Survey of Household Income and Expenditures of Mexico.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2019-21
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Macroeconomics: Consumption; Saving; Wealth
Analysis of Collective Decision-Making: General
- Thema
-
Women empowerment
wealth
savings
subsistence consumption
- Ereignis
-
Geistige Schöpfung
- (wer)
-
San Vicente Portes, Luis
Atal, Vidya
Juárez-Torres, Miriam
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- San Vicente Portes, Luis
- Atal, Vidya
- Juárez-Torres, Miriam
- Banco de México
Entstanden
- 2019
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