IS THE DECREASE IN THE GENDER WAGE GAP THE PRINCIPAL DRIVER OF THE SUSTAINED RISE IN FEMALE LABOR MARKET PARTICIPATION?

Over the past decade, there has been increasing evidence describing the increasing female participation in the labor market, the function of social norms concerning women’s performance in influencing observed gender outcomes, and the labor market effects of gender dissimilarities in conduct and comparative advantages. The purpose of this article is to gain a deeper understanding of particular hindrances that women confront in the labor market, gender disparities in choices and psychological characteristics possibly associated with labor market success, and the consequences of gender gaps in the labor market on aggregate productivity and income per person.