Study on gender equality in EU published on EIGE website
The study on the ‘economic benefits of gender equality’, undertaken on behalf of the European Institute for Gender Equality (EIGE), has been carried out by ICF Consulting Services Ltd (ICF) in association with Collegio Carlo Alberto, Cambridge Econometrics and a team of national researchers with expertise in the area of gender equality.
It looked at what the economic impacts would be if gender inequalities were reduced in 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 proves that gender equality is good for the economy and it cannot be disregarded if the EU wants to achieve sustainable and inclusive growth. Improvements to gender equality would generate up to 10.5 million additional jobs by 2050 and the EU employment rate would reach almost 80%. EU Gross Domestic Product (GDP) per capita would also be positively affected and could increase up to nearly 10% by 2050.
The level of economic benefits varies considerably across Member States, with some individual countries seeing around a 4% GDP increase and others exceeding 10%. Countries with more room to improve their current level of gender equality have much to gain.
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