Market regulations hinder women's transition to formal employment, impacting economic growth.
The paper discusses how women's participation in the workforce changes as countries develop economically. It shows that as national income increases, more women work in family or informal jobs if it's cheaper for firms to hire them. In Asia and Africa, more women are working in companies, leading to a rise in women's wage employment. However, in Latin America, the growth in firm jobs for women has been slower, and in some countries, the share of women in wage jobs has decreased. Market regulations and distortions may be slowing down women's shift from nonmarket to firm jobs, affecting economic growth.