Female employment rates…[are]responsible for 77 percent of the aging-adjusted difference inemployment performance between the United States and other advancedeconomies…adjusted for aging, women had almost zero net impact onemployment rates in the United States, but they raised employmentrates by 2.0 percentage points in other advanced economies.

Noah Smith is a Bloomberg Opinion columnist. He was anassistant professor of finance at Stony Brook University, and heblogs at Noahpinion. This column does not necessarily reflect theopinion of the editorial board or Bloomberg LP and its owners.

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