Labour Markets

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.

What's new

Tackling business and labour informality in Chile

17-Apr-2008

While Chile’s tax system is not particularly burdensome to business formality, there is scope for making product-market regulations less onerous to firms and the labour code more flexible, especially with regards to indefinite contracts and the allocation of working time. Low human capital remains an important obstacle to reducing labour informality. To the extent that informal businesses also hire informally, there is some room for designing policies to tackle business informality in conjunction with those aimed at boosting formal labour contracting.

Encouraging labour force participation in Chile

21-Apr-2008

Chile’s labour force participation is low by comparison with most countries in the OECD area, especially among females and youths. In the case of women, labour supply has risen steadily over time for prime age and older individuals, against a background of relative stability for men.

Oil Price Shocks, Rigidities and the Conduct of Monetary Policy: Some Lessons from a New Keynesian Perspective

11-Apr-2008

The strong and sustained rise in oil prices observed in recent years poses a challenge to monetary policy and its ability to simultaneously achieve low inflation and stable output. Against this background, the paper studies monetary policy in a small open economy New Keynesian DSGE model including oil as a production input and a component of final demand.

Economic Survey of Japan 2008

07-Apr-2008

Despite the longest economic expansion in its post-war history, Japan faces many challenges. Perhaps most urgent is addressing the fiscal situation through comprehensive tax reform. There is also significant scope for policies to accelerate productivity growth in the service sector, which has lagged behind manufacturing. In addition, measures to reverse the rise in labour market dualism would be beneficial for both growth and equity.

Estimating a supply block for Poland

02-Apr-2008

The supply side framework and related measures of output and unemployment gaps play a leading role in the OECD analysis of short term conjunctural conditions and long term determinants of growth. To allow such diagnoses for Poland, this paper develops a comprehensive supply block in accordance with the OECD approach.

See more news and events… Top of page