Women, Business and the Law (WBL) follows a life‑cycle approach assessing how women employees and entrepreneurs interact with the law as they begin, progress through, and end their careers. The WBL index is based on statistically significant associations with outcomes related to women’s economic opportunity, in particular with women’s labor force participation as well as with other outcomes of interest, for example, female to male labor force participation rate ratio from the World Bank’s World Development Indicators database, the female to male wage ratio from the World Economic Forum’s Global Gender Gap Report, the percentage of firms with a female top manager from the World Bank’s Enterprise Surveys, and the percentage of females who report owning financial accounts from the World Bank’s Global FINDEX database.
In addition to the association of indicators with outcomes, WBL employs a thorough review of the economic literature that supports each indicator, demonstrating how legislation influences women’s equality of opportunity during different phases of their working lives and affects their economic inclusion.
Finally, to ensure their relevance to women’s human and economic rights, each indicator is supported by the international legal framework set out in the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW) and other international legal documents, such as the UN Declaration on the Elimination of Violence against Women (DEVAW), the Committee on the Elimination of Discrimination against Women’s General Recommendations, and Conventions of the International Labor Organization (ILO).
More details about the methodology are provided here and in the Methodology Handbook .
Subject to available resources, WBL conducts additional research on cross-cutting themes that deepen WBL analysis, for example, social norms, fiscal policies and gender budgeting, and women with disabilities. All publications are available here.