Study On The Mechanism On Gender Discrimination In Labor Market By Financial Development

Based on the understanding of financial development theory and gender discrimination theory,this paper examines how financial development affects the gender discrimination in the labor market and believes that financial development mainly through financial inclusive effects(direct mechanisms)and economic promotion effects(indirect mechanisms).Based on the relevant literature on the influencing factors of gender discrimination at home and abroad,combined with the mechanism proposed in this paper,the article proposes that the financial inclusive effect(direct mechanism)and the economic promotion effect(indirect mechanism)affects the labor market.Through using data from the World Bank's World Development Indicators Database and the World Economic Forum's Report,empirical tests have been conducted on data from a representative sample of 64 countries and territories from 2008 to 2015.The article draws two conclusions:(1)Under the control of other factors,the financial general benefit of financial development helps to reduce gender discrimination in the labor market,that is,the direct mechanism of financial development plays a positive role in reducing the degree of gender discrimination in the labor market;(2)Finance Development also reduces gender discrimination through its economic promotion effect.That is,the indirect mechanism of financial development plays a positive role in reducing the degree of gender discrimination in the labor force.