Czech Republic: Selected Issues

June 26, 2018

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Format: Chicago

Czech Republic: Selected Issues, (USA: International Monetary Fund, 2018) accessed September 18, 2024

Summary

This Selected Issues paper examines the state of labor supply in the Czech Republic. The Czech working age population is projected to decline. This has important implications for labor supply and long-term growth. Policies to increase participation rates and retirement age are important and can mitigate the decline in labor force, but are unlikely to offset it. Under a combined moderate policy improvement scenario, the labor force is expected to decline by 3 percent in 2030 and 15 percent in 2050. Under the very optimistic (hence less likely) scenario, the labor force would increase by 3 percentage points by 2030, but then start to decline later with a gap of 8 percent by 2050.

Subject: Gender, Gender diversity, Labor, Labor force, Labor productivity, Production, Productivity, Total factor productivity

Keywords: CR, Europe, Gender diversity, Gender pay gap, Global, ISCR, Labor force, Labor productivity, Labor productivity, Productivity, Productivity growth, Retirement age, TFP dispersion, TFP level, Total factor productivity, Western Europe

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/188
Stock No:

1CZEEA2018002
ISBN:

9781484363751
ISSN:

1934-7685

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