Labor Force Participation in Romania

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 f...

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Bibliographic Details
Main Author: Misch, Florian
Other Authors: Pitt, Alexander
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:Selected Issues Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:15 pages
ISBN:9798400263651