Feminist economics

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Feminist economics
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Feminist economics is a discipline of economics that has introduced the concept of gender in socio-cultural gender. Feminist economics is derived from the neoclassical theory of economics, which has been extended to areas of research on the situation of women in the economy. Pioneers were Gary Becker and Jacob Mincer.

"By enriching the neoclassical theory with a feminist point of view, we can analyze the diversity of women's and men's earnings, manifestations of discrimination on the labor market, division of labor in the family, reproductive decisions, the consequences of stopping work for further careers, and the impact of subsidizing childcare facilities on the supply of female power working paper "

Representatives of feminist economics have shown that the current theory assumed suboptimal behavior, as it did not take into account the socio-cultural determinants of gender.

As mentioned before, feminist economics is closely related to neoclassical economics, but also to the family economy or the new household economy.

In 1990, the International Association for Feminist Economics was established, and in 1994 - the journal Feminist Economics. Representatives of feminist economics, Amartya Sen and Sakiko Fukuda-Parr, made a huge contribution to the creation of the Human Development Index (HDI).

At present, feminist economics has begun paying attention to the development of so-called South and gender equality, including in the convention of this field, the EQUAL Community Initiative Program was created.