Czech Republic : Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper examines the state of the labor supply in the Czech Republic. The Czech working-age population is projected to decline. This has important implications for the labor supply and long-term growth. Policies to increase participation rates and raise the retirement age are important and can mitigate the decline in the 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.
Series:
Country Report No. 18/188
Subject:
Labor force participation Labor market policy Labor productivity Labor supply Selected issues Women
English
Publication Date:
June 26, 2018
ISBN/ISSN:
9781484363751/1934-7685
Stock No:
1CZEEA2018002
Format:
Paper
Pages:
31
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