World Bank: Gendered social norms hold back PH economic growth

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Gendered social norms held back the Philippines’ economic growth as it prevented more women from participating in the labor force, said a World Bank report released. | JMangaluzINQ

Moreover, the World Bank found that women perform better than men in the workforce. However, women are clustered in low-ranking and low-paying jobs. On average, women’s wages are 5 percent higher than men, but at the bottom of pay distribution, men’s daily wages are 50 percent higher than women’s.

“Women’s earning disadvantage is partly due to their desire to work in jobs that offer more flexible hours and work arrangements but offer lower returns for their qualifications,” said the World Bank. Also, many of them are held back from productive employment opportunities by their family responsibilities and

“Closing the gender gap in the labor market offers a valuable opportunity to reduce income inequality generally in the Philippines,” it said. This will require furthering women’s economic empowerment through policies such as supporting more flexible work arrangements, scaling up efforts to reskill and upskill women to help them secure more productive jobs, encouraging firms to expand opportunities for women who want to reenter the labor market, empowering women entrepreneurs in e-commerce, and addressing traditionally gendered norms and childcare challenges,” recommended the World Bank.

 

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