Paid parental leave pays for itself and boosts the economy

Australia could introduce a paid parental leave scheme that pays for itself, creates nearly 9,000 new jobs and boosts the economy. The flow-on effect of paid parental leave on women’s participation in the labour market is likely to generate additional GDP of at least $2.5 billion and additional Government revenue of $625 million. This means that the additional Government revenue from more women working will more than pay for the scheme when it matures.

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