Key Points
The study, conducted by research and analytics firm Moodys Analytics on Narrowing the Gender Participation Gap and released Wednesday, found that the gender labour force participation gaps are narrowing across the world as more women join or rejoin it..
This is a global phenomenon, with female participation rates rebounding more than male participation across all major economies since the pandemic, the study said, attributing the phenomenon to the very tight labour markets, the broad-based increase in living costs due to the surge in inflation during the past two years, and working conditions that have become more flexible because of the shift towards remote working...
Additionally, the post-pandemic surge in female labour force participation was not mirrored by a comparable increase in the male participation rate, resulting in a further narrowing of the gender participation gap and supporting the fight against gender inequality.nt..
Stating that there is a strong likelihood that at least some of this narrowing in the gender gap will be enduring, reflecting long-term changes in societal norms, corporate practices, and policy environments, the study, however, added that if push factors such as high inflation and remote working ease, there might be potential backslide in female participation rates...
In this scenario, the necessity driving some women into the workforce is likely to diminish, potentially reversing some of the recent gains in female labour force participation, it noted.. Further, it said that the return-to-office mandates by some companies in the past few months could also contribute to a potential backslide in female participation rates as without the flexibility of remote work, many women especially those with young children could find themselves exiting the workforce...
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