Principal Investigator: Professor Özlem Onaran
Özlem Onaran is Professor of Economics at the University of Greenwich and the director of the Greenwich Political Economy Research Centre. She has done extensive research on issues of inequality, wage-led growth, employment, globalization, gender, and crises. She has directed research projects for the International Labour Organisation, the Institute for New Economic Thinking, the Foundation of European Progressive Studies, the Vienna Chamber of Labour, the Austrian Science Foundation, and Unions.
She is member of the Scientific Committee of the Foundation of European Progressive Studies, Scientific Advisory Board of Hans Boeckler Foundation, and the Policy Advisory Group of the Women’s Budget Group. She has more than seventy articles in books and peer reviewed journals such as Cambridge Journal of Economics, World Development, Environment and Planning A, Public Choice, Economic Inquiry, European Journal of Industrial Relations, International Review of Applied Economics, Structural Change and Economic Dynamics, Eastern European Economics, and Review of Political Economy.
Co-investigator: Dr Cem Oyvat
Host institution: University of Greenwich (UoG)
Research Assistant: Ms. Evrydiki Fotopoulou
This study is being worked on by a team of economists: Özlem Onaran, Cem Oyvat and Evrydiki Fotopoulou, and aims to explain the macroeconomic consequences of the interactions between three dimensions of inequality, labour markets and fiscal policies.
This is a pioneering interdisciplinary attempt at unifying evidence from sociology and gender studies in macroeconomics. The study will answer some fundamental questions on inequality and what can be done about them.
Why are there differences between women and men in the market place? Why do some people earn more or have different incomes to others? Why do a few people have such a high net worth, and so many have a relatively minute net worth? What government policies could help?
In exploring these areas, a unified analysis will be developed to integrate:
- The impact of three dimensions of inequalities – functional income distribution between wages and profits, gender inequality, and wealth concentration, and their interactions.
- Gendered behavioural differences and the role of social norms, synthesizing gender studies and macroeconomics; and thereby gendering macroeconomics.
- The impact of labour market and fiscal policies, particularly the effects of government spending in social vs. physical infrastructure, and different types of taxation.
Özlem’s blog, “Where are women in macroeconomic models?” discusses the project in more detail.
Results will be published here when available.