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Increasing female labour force participation will be a key plank of mitigating the economic and budgetary pressures arising from an ageing population.
According to the Grattan Institute, Australia would lift its GDP by $25 billion per year if its workforce participation rate for women aged 25 to 54 was lifted 6% to Canada’s level – a nation that is culturally and economically similar to Australia.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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