What's new with Team TTO

July 01, 2020

Lewis highlights racial discrimination and gender inequality in sports

"Olympic Order is the Olympic Movement highest award for distinguished contributions to sports. The list…
June 29, 2020

Black Lives Matter movement brings ex-IOC President Brundage under new scrutiny

When the Olympic Games were last held in Tokyo, American multi-millionaire Avery Brundage was President…
June 27, 2020

Opinion: Equality still remains an elusive goal

My professional life has been defined by three principles: excellence, integrity, equality. They were bred…
June 26, 2020

Lewis: IOC law suppresses athletes’ rights

Advocates revamp of rule 50 on Olympic podium protests
June 24, 2020

After Three Olympic Medals, Sprinter Kerron Clement Does His First Pride

For GQ's Give It Up series, Kerron Clement talks about celebrating his first Pride—and the…
June 24, 2020

CANOC President Lewis discusses impact of pandemic on sport in Olympic Day message

Caribbean Association of National Olympic Committees (CANOC) President Brian Lewis discussed the impact of the…
June 23, 2020

TTOC observes ‘Olympic Day’

Minister of Sport and Youth Affairs (MSYA) Shamfa Cudjoe sent her greetings to commemorate Olympic…

Tokyo 2021 #1YearToGo

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Lewis highlights racial discrimination and gender inequality in sports https://t.co/kBo4RRlsZW
About 15 hours ago
Lewis highlights racial discrimination and gender inequality in sports https://t.co/z5Li1koDcP
Wednesday, 01 July 2020 13:25
Thank you @brentelderinternational for an epic close off to TeamTTO OlympicMonth celebrations 🏋️🏽‍♂️🕺🏽💃🏽… https://t.co/khwPnH5RE8
Tuesday, 30 June 2020 23:52
Black Lives Matter movement brings ex-IOC President Brundage under new scrutiny https://t.co/cDAdcKMmb3
Tuesday, 30 June 2020 12:29

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Despite some progress, the gaps in labor force participation between men and women remain large. To take just one example, no advanced or middle-income economy has reduced the gender gap below 7 percentage points.

This uneven playing field between women and men comes at a significant economic cost as it hampers productivity and weighs on growth. A recent IMF staff study finds that barriers to women entering the labor force—think of tax distortions, discrimination, and social and cultural factors—are costlier than suggested by previous research and the benefits from closing gender gaps are even larger than thought before. Policymakers should therefore focus on removing such barriers urgently.

Gender diversity matters

Our analysis springs from the observation—supported by considerable microeconomic evidence—that women and men bring different skills and perspectives to the workplace, including different attitudes to risk and collaboration. Studies have also shown that the financial performance of firms improves with more gender-equal corporate boards.

Surprisingly, previous studies have not looked at the macroeconomic implications of this micro evidence.

In the standard textbook analysis, the labor force is the sum of the headcounts of male and female workers. Because replacing a man by a woman in this sum does not affect the labor force, there are no gains from gender diversity: men and women are assumed to be perfectly substitutable.

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