{
  "title": "Labor Force Participation in Romania",
  "publication": "Selected Issues Papers, December 13, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2023/12/13/labor-force-participation-in-romania-542446",
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  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- 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.\n- 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.\n- Key policies to boost LFP include provision of affordabel high-quality childcare, and improving education standards."
    },
    {
      "heading": "Key findings",
      "content": "- Current LFP level: 66.8 percent in 2022.\n- LFP is notably lower than the EU average, with particularly large shortfalls for women and less educated people.\n- Demographic pressure: a declining working-age population makes raising LFP a priority to support growth and fiscal sustainability.\n- Distributional effects: raising LFP can help reduce inequality."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Expand provision of affordabel high-quality childcare to increase female labor force particiaption.\n- Improve education standards to raise participation among less educated groups and support long-term labor supply."
    },
    {
      "heading": "Thematic tags (as listed)",
      "content": "- Aging, Education, Gender, International organization, Labor, Labor force participation, Monetary policy, Population and demographics, Women\n\nLabor Force Participation in Romania, Selected Issues Papers, December 13, 2023.\n\n---\n\n Content in this bundle\n\n- Labor Force Participation in Romania; Selected Issues Paper No. 2023/062; November 16th, 2023\n  - Labor Force Participation in Romania; Selected Issues Paper No. 2023/062; November 16th, 2023 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Labor Force Participation in Romania; Selected Issues Paper No. 2023/062; November 16th, 2023 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2023/12/13/labor-force-participation-in-romania-542446"
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    "Authors: Florian Misch, Alexander Pitt",
    "Published: December 13, 2023",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798400263651.018",
    "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.",
    "Current LFP level: 66.8 percent in 2022.",
    "LFP is notably lower than the EU average, with particularly large shortfalls for women and less educated people.",
    "Demographic pressure: a declining working-age population makes raising LFP a priority to support growth and fiscal sustainability.",
    "Distributional effects: raising LFP can help reduce inequality.",
    "Expand provision of affordabel high-quality childcare to increase female labor force particiaption.",
    "Improve education standards to raise participation among less educated groups and support long-term labor supply.",
    "Aging, Education, Gender, International organization, Labor, Labor force participation, Monetary policy, Population and demographics, Women",
    "**Labor Force Participation in Romania; Selected Issues Paper No. 2023/062; November 16th, 2023**"
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