Womenomics 5.0
The 5th version of the Womenomics report was published by Goldman Sachs Research in 2019.
Since the initial Womenomics report in April 1999, Japan’s female labor force participation rate has risen to record levels that surpass both the US and Europe.
The economic benefits of continued improvement are potentially sizeable. Specifically, GS Research’s strategists estimate that closing the gender employment gap could lift Japan’s GDP by 10%, and in a “blue-sky scenario” where the ratio of female vs. male working hours rises to the OECD average, the GDP boost could expand further to 15%.
