Labor Force Participation in Romania

Author: Florian Misch and Mr. Alexander Pitt

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.

Volume/Issue: Volume 2023 Issue 062

Publication date: December 2023

ISBN: 9798400263651

$15.00

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Topics covered in this book

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Labor , Money and Monetary Policy , International - Economics , Demography , 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

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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.