G3: Gender Gaps in Labor Force Participation & Financial Inclusion Flashcards
OVERVIEW OF THE PROBLEM:
The percentage of the population ages 15 and older that is economically active, i.e., employed or actively job-seeking
Labor force participation
OVERVIEW OF THE PROBLEM:
Pertains to effective access to a wide range of financial products and services for all
Financial inclusion
OVERVIEW OF THE PROBLEM: (TRUE OR FALSE)
Within the Philippine context, the gender gap in labor force participation is considered to be one of the smallest in Southeast Asia.
FALSE
OVERVIEW OF THE PROBLEM:
Generally more financially included and have more access to financial services despite the gender gaps in specific areas of financial inclusion
Filipino women
OVERVIEW OF THE PROBLEM:
Factors to gender gaps in LFP and financial inclusion
- patriarchy
- marriage and childbearing
- religion
- employer discriminatory practices
GLOBAL/REGIONAL DATA (LFP):
The global labor force participation rate for women is just over __% compared to __% for men.
- 50%
- 80%
GLOBAL/REGIONAL DATA (LFP):
The International Labour Organization (ILO) estimates reveal a _______ job gap for women (around __%) compared to men (around __%).
- higher job gap for women (around 15%)
- 10.5%
GLOBAL/REGIONAL DATA (LFP):
Across all religions, male participation is roughly the same (around __%) and notably higher than that of women.
80%
GLOBAL/REGIONAL DATA (FI):
According to the World Bank’s Global Findex Database, it went from __% in 2011 to __% in 2021.
9% to 6%
GLOBAL/REGIONAL DATA (FI):
Women in developing countries are __% less likely than men to have a formal financial account.
7%
GLOBAL/REGIONAL DATA (FI):
Has a gap of 12% (54% for men and 42% for women)
Middle East and North Africa
GLOBAL/REGIONAL DATA (FI):
Has a gap of 12% (61% for men and 49% for women)
North Africa
GLOBAL/REGIONAL DATA (FI):
Has a gap of 4% (70% for men and 66% for women)
South Asia
NATIONAL/LOCAL DATA (LFP):
Female labor force participation in 2022 was __%.
51.7%
NATIONAL/LOCAL DATA (LFP):
Female labor force participation is expected to rise to __ to __ percent by 2028.
52 to 54
NATIONAL/LOCAL DATA (LFP):
Common reasons why women have less participation in the labor force:
1) care responsibilities
2) gender stereotypes
NATIONAL/LOCAL DATA (FI): (TRUE OR FALSE)
There is no gender gap against women in account ownership except in bank accounts because microfinance institutions target female clients.
TRUE
NATIONAL/LOCAL DATA (FI):
Women represent __% of the owned Micro, Small and Medium Enterprises.
66%
NATIONAL/LOCAL DATA (FI):
While there is a small gender gap regarding stock market accounts, the women’s share in the market rose from 43% in 2013 to __% in 2020.
48%
IMPLICATIONS (LFP):
The insufficient representation of women in the labor force leads to
reduced overall economic growth and productivity.
Lack of Economic Growth
IMPLICATIONS (LFP):
Gender gaps in labor force participation increase social imbalance and diminish social unity.
Social Inequality
IMPLICATIONS (LFP):
Limited diversity in the workforce due to gender gaps delays progress.
Hampers Innovation
IMPLICATIONS (LFP):
Women’s restricted access to education and professional development impedes their economic participation.
Lack of Economic Participation
IMPLICATIONS (FI):
Financial exclusion contributes to higher poverty rates, particularly among women.
Poverty Rates
