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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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05-Nov-2009
The Danish economy has been hard hit during the global crisis. Substantial measures have been taken to combat its effects. Going forward, the main challenges include restoring fiscal sustainability, raising productivity growth and improving education outcomes.
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03-Nov-2009
This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings. Analysing an unbalanced panel of 30 OECD economies from 1970 to 2008, we found that downturns have, on average, a significant positive impact on the level of structural unemployment rate.
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04-Nov-2009
Following the severe contraction of the economy, the main economic challenges in rebalancing the economy include raising competitiveness, restoring the financial system to health, fiscal consolidation and avoiding high long-term unemployment.
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16-Oct-2009
Compulsory school education in Italy produces poor results in terms of 15 year olds’ performance on PISA tests, compared with other OECD countries, despite a relatively high level of expenditure.
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16-Oct-2009
The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman Brothers.
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