Closing Childcare Policy Gaps offers high return on investment: International Labour Organization (ILO)

Childcare Policy Gap (CPG) refers to the period between the end of statutory childcare-related leave and starting age for free, universal early childhood care and education or primary education.
It affects 90%of actual and potential parents worldwide.

Average CPG is approximately 4.2 years globally.

• Maternity, paternity and combined parental leave available to household’s average 6.1 months globally.
• Average starting age for free and universal early childhood care and education is 4.7 years.

Benefits of closing CPG:

• 1 dollar invested in closing the CPG would give 3.76 times return in global GDP by 2035.
• Reductions in gender and other inequalities and generation of decent jobs
  ♦ 84% of such new employment would go to women, as they exchange unpaid care work for paid and formal employment.
• Improvements in health and wellbeing

Investment needed to close CPG: 1.5% of global GDP, in addition to current public spending of 0.3% of global GDP is needed for providing universal, high-quality, childcare services.

Recommendations:

• Invest in care economy.
• Better sharing of care responsibilities between men and women.
• Designing rights-based programmes.

 

About International Labour Organisation (ILO)

Genesis:Geneva, Switzerland, Established in 1919.

About: Only tripartite U.N. agency that brings together governments, employers and workers of member countries together.

Objectives: Promote standards and fundamental principles and rights at work, create greater opportunities for income and enhance coverage and effectiveness of social protection for all.

Functions: To set labour standards, develop policies and devise programmes promoting decent work for all women and men.

Members:187 Member States .

Other
♦ Its ‘Decent Work agenda’ helps advance the economic and working conditions.
♦ Report: World Employment and Social Outlook; Social Dialogue Report

 

 

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