Unlocking the Work Force Potential: Empowering Women to Boost Economic Growth and Greek Prosperity
Selected Issues Papers, May 9, 2025
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- Canonical URL
- Unlocking the Work Force Potential: Empowering Women to Boost Economic Growth and Greek Prosperity
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Bibliographic details
- Authors: Julia Cots-Capell, Larry Q Cui, Diego B. P. Gomes, Duncan MacDonald, Celine Thevenot, Katherine Dai
- Published: May 9, 2025
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229010818.018
Summary
- The strong recent economic recovery has improved Greece’s near-term outlook.
- Unfavorable demographics require raising labor force participation, particularly for women, to boost medium-term growth.
- Using household survey, cross-country comparison, and model simulations, the paper identifies three main constraints to female labor force participation: (i) care responsibilities; (ii) skill mismatches; and (iii) tax-benefit work incentives.
- Estimates suggest that addressing care responsibilities alone could boost employment by 3 percent.
- Policy recommendations include expanding access to childcare facilities, improving parental leave policies, strengthening tax-benefit incentives, and addressing skill mismatches.
- The paper concludes that these measures, combined with complementary reforms, could significantly empower women to boost economic growth and prosperity in Greece.
Major Findings and Constraints
- Three main constraints to raising female labor force participation:
- (i) care responsibilities
- (ii) skill mismatches
- (iii) tax-benefit work incentives
- Addressing care responsibilities alone could boost employment by 3 percent.
Methods and Evidence
- Analytical approaches used:
- Household survey analysis
- Cross-country comparison
- Model simulations
Policy Recommendations
- Expand access to childcare facilities.
- Improve parental leave policies.
- Strengthen tax-benefit incentives to encourage labor market participation.
- Address skill mismatches through relevant training and education policies.
- Combine the above with complementary reforms to maximize impact on economic growth and prosperity.
Key Statistics and Publication Metadata
- Employment boost from addressing care responsibilities: 3 percent
- Pages: 21
- Volume: 2025
- Issue: 056
- Series: Selected Issues Paper No. 2025/056
- DOI: https://doi.org/10.5089/9798229010818.018
- Stock No: SIPEA2025056
- ISBN: 9798229010818
- ISSN: 2958-7875
- Publication date: May 9, 2025
- Authors: Julia Cots-Capell, Larry Q Cui, Diego B. P. Gomes, Duncan MacDonald, Celine Thevenot, Katherine Dai
- Subject keywords: Employment, Gender, Labor, Labor force, Labor markets, Wages, Women
Source: Unlocking the Work Force Potential: Empowering Women to Boost Economic Growth and Greek Prosperity (Selected Issues Papers), May 9, 2025.
Content in this bundle
- Sipea2025056