Stronger female labour participation, in particular in full-time jobs, increases family income and improves career prospects for women. Higher income for women fosters their financial independence, reduces individual, family and child poverty risks, improves resilience against adverse financial shocks and increases retirement entitlements and wealth. The model is based on a growth accounting framework that allows for adjustments in structural parameters that reflect changes in the work-life balance between women and men, namely the transition towards a more balanced dual-earner dual-carer model (Box 2.2). Results suggest that full-time employment of women is likely to benefit most from spending on leave and birth grants, spending on childcare services in general and an the increase in the coverage of formal childcare facilities for children aged 0-2 years in particular.