IMF Staff Country Reports

Czech Republic : Selected Issues

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 26, 2018

Electronic Access:

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

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