ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Wednesday, July 9, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Opinion OP-ED

Who Is the Surgeon?

Lika Goderdzishvili and Sophiko Skhirtladze, ISET by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
February 18, 2019
in OP-ED
Reading Time: 4 mins read
8
A A
0
Share on FacebookShare on Twitter

The FINANCIAL — Riddles are fun; sometimes, though, they teach us more than expected. Consider this riddle, for example. A son and his father get into a terrible accident;the father dies immediately while the son is rushed to the hospital for an urgent operation. A minute after being called in, a prominent surgeon steps out from the operating room and says “I cannot operate on this boy; he is my son”. Who is the surgeon?Take a guess!

Hopefully, many of you guessed the quite obvious answer: the surgeon is the boy’s mother.The riddle has gained popularity due to the silly responses people give, in some cases suggesting a plot worthy of any of Georgia’s favorite soap operas. This is an excellent demonstration of the hidden biases and prejudices that over half of the world’s population (i.e. women) have to fight, which can partially explain persistent low female participation in labor markets globally.

RelatedPosts

Senate Passes Reconciliation Package with Billions in Funding for Border Security and Removing Illegal Aliens

USCIS Considers Dismissing Asylum Claims for Those Who Entered the Country Illegally

Israel’s Illegal, Counterproductive Attacks Make a Nuclear-Armed Iran More Likely

Putin’s Unilateral Easter Truce Was Never Intended to Last

Despite significant progress having been made in the last few decades, female contribution to economic activity remains far below its potential, but evidence of its social and economic costs is staggering.

Recent studies indicate that barriers to women entering the labor force (cultural and societal norms, lack of decent childcare facilities, etc.) are costlier than previous research has suggested and the benefits of closing gender gaps are even larger than previously thought. According to the 2015 McKinsey Global Institute report, advancing women’s equality can add up to $12 trillion to global Gross Domestic Product (GDP) by 2025, which is roughly equal to the size of the US and Chinese economies combined.

Source: Geostat

According to the World Development Indicators published by the World Bank, in 2017average Female Labor Force Participation (FLFP), the proportion of the female population aged 15 and older that is economically active (employed, self-employed, or actively looking for a job), stood at52% in the countries of Europe and Central Asia,compared to 67% Male Labor Force Participation (MLFP). In Georgia specifically,the gap between male and female participation is even more pronounced. Figure 1 shows these differences; despite significant steps towards adopting legislative and policy reforms to encourage gender participation and activity in the labor market, this trend is notreflected in women’s activity in the labor market. FLFP remains approximately 17 percentage points below MLFP in Georgia.

A recent International Monetary Fund (IMF) study from 2018 provided even more insight into how and to what extent low FLFP affects countries’ macroeconomic development,building on well-established microeconomic evidence that female and male workers bring different skillsets and attitudes to the labor market.However, these differences between male and female workers have largely been ignored in macroeconomic models that study determinants of economic growth in the long term. In conventional macroeconomic models, male and female labor are treated as perfect substitutes, but the 2018 IMF study based on anumber of alternative data sources (World Bank macroeconomic data, The Penn World Tables data, The OECD Labor Force Database, and a firm-level data set from Chinese Annual Surveys) shows that there is a strong complementarity between women and men in production. In other words, increasing the female labor force when it isin short supply, is shown to bring greater benefits than an equal increase in the number of male workers unless female productivity is significantly lower. Models that fail to account for this complementarity between the male and female labor forces underestimate the impact of gender diversity on growth, incorrectly attributing some of it to technological changes.

See also  USCIS Considers Dismissing Asylum Claims for Those Who Entered the Country Illegally

Generalizing these results, closing the gender gap has the potential to increase a country’s GDP by 10-80 percent, conditional on initial FLFP. One channel of this impact is through the increased labor supply: more employees, in the longer term, are expected to produce more output. The second channel is through the impact of gender diversity on productivity. Increased female participation increases total labor productivity; that is, male workers also benefit from more gender diversity.The cost ofbarriers to female participation is even higher on the path of development to a service-based economy, which tends to be more gender-equal. Barriers to female participation slow down this process and lead to even higher output and welfare losses.

The study once again demonstrates the value of more gender equality in the labor market, and finds new evidence of welfare gains stemming from labor diversity. Moreover, considering the complementarity of women and men, greater gender diversity is thought to have value not only for women but for men as well. Realizing thesebenefits cannot be a magic bulletto overcoming the obstacles that prevent women in the labor force from contributing to economic growth. The remedy lies in tackling gender inequality in education and healthcare, endorsing laws for equal rights to property ownership and credit access, childcare facilities, and properly designed family benefits. For example, Sweden’s success in having one of the highest rates of female participation in the world is mostly believed to be a result of investments in childcare and early education, as well as promotion of flexible work schedules for women and parental leave policies.

More recent investigations into the causes of low female presence in the labor force or in top positions reveal that oftentimes it is a lack of confidence rather than competence that holds women back. For instance, in a forthcoming study Buser and Yuan (2019) show that despite scoring equal points, more girls than boys stop competing in the Math Olympiad in the Netherlands after losing in the first round. Estes and Felker (2012) show in a controlled lab experiment that with a slight manipulation in confidence levels, which provokesall participants to tackle each and every task on an assignment, females’ overall performance matchesthat of males; without this manipulation, female participants tended to give up without attempting the task, reducing their overall performance compared to men.Lisa Damour, a clinical psychologist, provides an interesting conjecturein a recent New York Times article that the observed disparity in attitudes can be explained to some degree by schooling that praises and encourages “inefficient overwork” mainly by girls, since they seem to be the ones who are more self-disciplined. This, on one hand, builds the competence of girls, so they usually outperform boys at any level of education; on the other hand, it paves the way to perfectionism, manifested in lack of competence in the later stages of their lives.

These recent findings, coupled with well-established conventional knowledge on the costs of an uneven playing field for female and male labor, call for immediate action so that no aspiring female surgeon is discouraged from entering and competing in the labor market.

Tags: Who Is the Surgeon?

Related Posts

Senate Passes Reconciliation Package with Billions in Funding for Border Security and Removing Illegal Aliens
America

Senate Passes Reconciliation Package with Billions in Funding for Border Security and Removing Illegal Aliens

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 2, 2025
0

Earlier today, the Senate passed its reconciliation package, including billions in funding to secure our borders and ramp up interior...

Read more
USCIS Considers Dismissing Asylum Claims for Those Who Entered the Country Illegally

USCIS Considers Dismissing Asylum Claims for Those Who Entered the Country Illegally

July 2, 2025
Israel’s Illegal, Counterproductive Attacks Make a Nuclear-Armed Iran More Likely

Israel’s Illegal, Counterproductive Attacks Make a Nuclear-Armed Iran More Likely

June 15, 2025
26% Rate Trump-Russia Allegations Nation’s Biggest Problem

Putin’s Unilateral Easter Truce Was Never Intended to Last

April 25, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

July 3, 2025
Teaching porn literacy

A sizable percentage of internet porn users, roughly 40% are women

January 17, 2024
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
SCOPE Recruiting: Honest Review For 2025

SCOPE Recruiting: Honest Review For 2025

July 3, 2025

0xea699498

July 9, 2025
wall_street_sign.jpg

Wall Street Giants Now Worth $59.7 Trillion, More Than the GDP of the U.S., China, and Germany Combined

July 9, 2025
OCCRP Exclusive: Top Trump Adviser Sergio Gor Was Born in the Soviet Union

OCCRP Exclusive: Top Trump Adviser Sergio Gor Was Born in the Soviet Union

July 8, 2025
Are You Really Targeting the Right Customer

Are You Really Targeting the Right Customer

July 8, 2025
Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

July 7, 2025
ADVERTISEMENT

Popular Last 24h

  • Teaching porn literacy

    A sizable percentage of internet porn users, roughly 40% are women

    684 shares
    Share 274 Tweet 171
  • Ampersand wins £22m five-year contract at London Zoo

    4000 shares
    Share 1600 Tweet 1000
  • OCCRP Exclusive: Top Trump Adviser Sergio Gor Was Born in the Soviet Union

    26 shares
    Share 10 Tweet 7
  • Are You Really Targeting the Right Customer

    20 shares
    Share 8 Tweet 5
  • Wall Street Giants Now Worth $59.7 Trillion, More Than the GDP of the U.S., China, and Germany Combined

    20 shares
    Share 8 Tweet 5
  • Spot Hbar ETF Odds Increase to 90% as Institutions Bet Big on Hedera

    248 shares
    Share 99 Tweet 62
  • Teaching porn literacy

    287 shares
    Share 115 Tweet 72

LATEST POSTS

0xea699498

July 9, 2025
wall_street_sign.jpg

Wall Street Giants Now Worth $59.7 Trillion, More Than the GDP of the U.S., China, and Germany Combined

July 9, 2025
OCCRP Exclusive: Top Trump Adviser Sergio Gor Was Born in the Soviet Union

OCCRP Exclusive: Top Trump Adviser Sergio Gor Was Born in the Soviet Union

July 8, 2025
Are You Really Targeting the Right Customer

Are You Really Targeting the Right Customer

July 8, 2025
Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

Georgian Leadership Sent ‘Threatening, Insulting’ Letter To Trump Administration

July 7, 2025
Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

July 7, 2025
The Role of Ethical Leadership in Financial Services

Why Financial Firms Are Turning to Remote Staffing for Growth?

July 7, 2025
Etisalat and Ericsson trial Massive MIMO technology in the UAE

Global study shows 96% plan to increase yield focus in anticipation of market correction

July 7, 2025
How Responsible Money Management Can Improve Your Financial Well-being

AnaIysis Reveals Significant Focus on Private Assets by Insurers Using External Investment Managers 

July 7, 2025
Facebook Quarterly Earnings Doubled in Three Years and Hit $17.7bn in Q1 2020

faceboo mmay hides the income from specific governments and extremist groups

July 6, 2025

LATESTBUSINESS

wall_street_sign.jpg

Wall Street Giants Now Worth $59.7 Trillion, More Than the GDP of the U.S., China, and Germany Combined

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 9, 2025
0

Are You Really Targeting the Right Customer

Are You Really Targeting the Right Customer

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 8, 2025
0

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

Prominent Georgian Businessman Behind Euronews and National Geographic Arrested in Tbilisi

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 7, 2025
0

Etisalat and Ericsson trial Massive MIMO technology in the UAE

Global study shows 96% plan to increase yield focus in anticipation of market correction

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 7, 2025
0

How Responsible Money Management Can Improve Your Financial Well-being

AnaIysis Reveals Significant Focus on Private Assets by Insurers Using External Investment Managers 

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 7, 2025
0

Facebook Quarterly Earnings Doubled in Three Years and Hit $17.7bn in Q1 2020

faceboo mmay hides the income from specific governments and extremist groups

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 6, 2025
0

A Landmark Rolls-Ryce Debut in Georgia

A Landmark Rolls-Ryce Debut in Georgia

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 6, 2025
0

2025 Review Of NEXT New Growth | Executive Coaching For CFOs

2025 Review Of NEXT New Growth | Executive Coaching For CFOs

by Lika Goderdzishvili and Sophiko Skhirtladze, ISET
July 4, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.