How same-sex marriage boosts the value of an economy

Paul Donovan says recognising same-sex marriage removes an impediment to labour mobility.

Paul Donovan says recognising same-sex marriage removes an impediment to labour mobility. A top economist at UBS says denying same-sex marriage rights erodes an economy’s competitiveness and holds back labour force mobility at the expense of much-needed productivity.

London-based economist Paul Donovan analysed the outcome of the US Supreme Court decision in new research published by the global investment bank.

He dismissed the impulse to attribute a figure to the economic value of wedding spend for same-sex marriages, arguing this was only a one-off benefit and ignored enduring contributions to trend growth from labour force productivity.The economist also measured the relationship […]