DEVELOPMENTAL PSYCHOLOGY
ADULTHOOD PHYSICAL COGNITIVE AND SOCIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Access to microfinance increases female participation in the labour market in the long run. An IGC project in India found that greater access to microfinance loans led to a significant increase in female labour force participation – with the effect driven by self-employment and not by salaried jobs.
Detailed explanation-2: -Meanwhile, the participation at work for women in the country dipped from around 36 percent in 2021 to a little over 33 percent in 2022.
Detailed explanation-3: -Several factors contributed to this rise. First, with the advent of mass high school education, graduation rates rose substantially. At the same time, new technologies contributed to an increased demand for clerical workers, and these jobs were increasingly taken on by women.
Detailed explanation-4: -A bigger boost to growth: Because women bring new skills to the workplace, the productivity and growth gains from adding women to the labor force (by reducing barriers to women’s participation in the labor force) are larger than previously thought.