Work Package 2
Work Package 2: Macroeconomic modelling
Aim
To develop a contextually and culturally relevant macroeconomic framework for understanding the relevance of existing care provision and the potential impacts of policies and investments to expand care provisioning and social infrastructures.
Elements
Based on evidence generated in WP1 and applying data from national surveys such as Time Use and General Household Surveys, WP2 will address its aim by:
- Estimating the contribution to national income of the paid and unpaid care economy;
- Developing two kinds of gender-sensitive, macroeconomic models -- a gender-aware demographic macroeconomic model and a GEM-Care Africa computable general equilibrium (CGE) -- that incorporate the care economy, identify its links with the demographic dividend, market economy, and gender inequality, and investigate feedback effects of various fiscal, employment and social policies on relevant outcomes such as, for example, including employment, economic growth, earnings, and income distribution.
To develop these outputs, WP 2 will:
- estimate and determine the value of paid and unpaid care economy;
- assess existing macroeconomic tools used in the two study countries and explore the feasibility of integrating care;
- construct GEM-Care social accounting matrix (SAM) databases for both countries;
- develop innovative demographic macroeconomic and CGE models for each country;
- conduct dynamic macro policy simulations to estimate the effects of various policy options to expand ECC and LTC services and infrastructures.