Republic of Poland: Selected Issues

July 17, 2017

Preview Citation

Format: Chicago

Republic of Poland: Selected Issues, (USA: International Monetary Fund, 2017) accessed December 21, 2024

Summary

This paper highlights the fact that to address the challenge of declining working age population, policies should not only aim to support fertility, but also to increase labor force participation rate, to improve labor allocation across sectors and to encourage net immigration. However, with some recent measures going in the opposite direction, even such mitigating policies may not fully offset the demographic headwinds. Poland faces profound demographic changes. The decline of fertility rate and growing life expectancy, mostly driven by longevity of older cohorts, will significantly change the demographic landscape. Demographics may soon pose a barrier for growth. The historical expansion of working age population appears to have been only partly utilized to boost potential growth, with increased unemployment and declined labor force participation rates dampening potential gains. Net migration was also a drag on the labor supply in the past, but this has changed recently. In addition to a steady outflow of permanent migrants, there was a sharp pickup in temporary migration after EU accession.

Subject: Aging, Infrastructure, Labor, Labor force participation, National accounts, Population and demographics, Private investment, Production, Total factor productivity

Keywords: Aging, CR, Eastern Europe, Europe, Firm, Global, Growth slowdown, Infrastructure, Investment, ISCR, Labor force participation, OECD average, Output gap estimate, Poland, Private investment, Reform scenario, Retirement age, TFP growth, Total factor productivity

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/221
Stock No:

1POLEA2017004
ISBN:

9781484310311
ISSN:

1934-7685

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