Paid or not, women have always contributed to the wealth of nations | Katrine Marcal
by Katrine Marcal from on (#Q4K7)
Economists have had it wrong for centuries about the worth of women's work
Invest in girls and growth will take off - this has become a bit of a mantra in the last few years. From the UN to the IMF, international organisations pen beautiful press releases about how women are the key to economic development. Girls can fix the global economy, we hear, and the experts have numbers to prove it.
Economists have estimated that each additional year of schooling boosts long-term growth by 0.58 percentage points per year. NGOs repeat such figures in the hope that policymakers will reconsider the current under-investment in girls.
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