Czech Republic : Selected Issues.

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 miti...

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Bibliographic Details
Corporate Author: International Monetary Fund. European Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Staff Country Reports; Country Report ; No. 2018/188
Online Access:Full text available on IMF
Description
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.
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Physical Description:1 online resource (31 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students