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Labor Force Participation in Romania
Author:
Florian Misch
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and
Mr. Alexander Pitt
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Series:
Selected Issues Papers
Volume/Issue:
Volume 2023: Issue 062
Language:
English
Publication Date:
13 Dec 2023
DOI:
https://doi.org/10.5089/9798400263651.018
ISBN:
9798400263651
ISSN:
2958-7875
Pages:
15
Keywords:
Labor force participation; gender gap; demographics; IMF staff calculation; copyright page; rase LFP; policy implication; EU LFP level; Romania's LFP gender gap; Women; Aging; Western Europe
Legal-disclaimer:
IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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Labor force particiaption (LFP) in Romania is—at 66.8 percent in 2022—significantly lower than the EU average, especially among women and less educated people. With a declining working-age population, rasing LFP could yield signifcant benefits including by boosting long-term growth, mitigating the fiscal impact of an ageing society, and reducing inequality. Key policies to boost LFP include provision of affordabel high-quality childcare, and improving education standards.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund