Selected Issues Papers

Labor Force Participation in Romania

Author/Editor:

Florian Misch ; Alexander Pitt

Publication Date:

December 13, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Selected Issues Paper No. 2023/062

Subject:

Aging Education Gender International organization Labor Labor force participation Monetary policy Population and demographics Women

Frequency:

Regular