Addressing Care to Accelerate Equality

The care economy is essential in daily life and a driver of economic growth, human capital development, and employment. Gender is a defining characteristic of the care economy. Women spend 3.2 times more time on unpaid care work than men and constitute the majority of the care workforce. Disproportionate unpaid care responsibilities and a lack of access to quality, accessible, affordable care services impede women’s economic participation and affect their overall well-being. Investments in the care sector are essential to accelerate equality and could generate up to 299 million jobs worldwide by 2035. Globally, the need for care services is high. Worldwide, 43 percent of all children below primary-school-entry age—350 million children—need childcare but do not have access to it. The need for eldercare is also growing as the population continues to age and face chronic health conditions. The World Bank actively supports countries in addressing this care crisis. This thematic policy note reviews many of the issues, evidence, and lessons learned.