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As part of its surveillance of countrie's economic performance, the OECD reviews labour market developments and assesses how policy can improve the functioning of its market on a regular basis. Over the past years, the OECD has produced a set of country-specific recommendations for reforms in the labour market.
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10-Jul-2009
Indonesia is a very interesting case for empirically testing the impact of minimum-wage legislation on employment and informality. The country went through a process of fiscal decentralisation in 2001 that, among other things, devolved minimum-wage setting responsibilities to the provinces and local governments.
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09-Jul-2009
The empirical estimates show that intergenerational wage persistence is relatively high in southern European countries, as well as in the United Kingdom. Likewise, intergenerational persistence in education is relatively high both in southern European countries and in Luxembourg and Ireland. By contrast, both persistence in wages and education tends to be lower in Nordic countries.
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15-May-2009
This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity. The main experiment reported in the paper consists of assessing the labour utilisation and productivity impacts in OECD countries of aligning group-specific employment rates to the US levels.
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11-May-2009
As Estonia entered recession in 2008, the unemployment rate almost doubled between the 2nd and the 4th quarter, and is expected to rise further in 2009 and 2010. More flexible labour markets will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge based economy.
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