6 Yet, while all these challenges make it difficult to predict the precise effects of increasing gender parity on economic policy outcomes, it is important to emphasize what they share in common: none of them constitutes a cogent argument for advocating against more gender diversity.
When you think about it, we constantly take policy decisions based on strong theoretical underpinnings and analogical empirical reasoning rather than precise causal estimates of the policy at hand See Gerling et al. (2005) for a summary of Condorcet’s jury theorem and an extensive survey on group decision-making. See Rieder (2021) for a discussion of this point in the context of monetary policy decision-making.