Labor Force Participation Rates in Regions of the World

The following graphs show labor force participation (LFP) rates in different regions of the World. As expected, women in Europe, Japan, and North America have higher rates than in Mexico and the Latin Caribbean, Central America, Korea, and the South Cone between ages 40 to 54. On the contrary, European women stop working at earlier ages and have very low participation rates after retirement ages, followed by Mexico and the Latin Caribbean, 2% and 11.75% respectively, in contrast with 25% in Korea and the Andean Region between ages 70 and 74. European men have the lowest participation rates, followed by North America, between ages 50 and 74. Elderly men have higher participation rates than elderly women, in Mexico and the Latin Caribbean the rate is 45%, and in Central America and the Andean Regions participation rates are higher than 50%.