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Individual elements in the Belgian tax system affect the growth process through different channels and to a varying degree.
Labour productivity decelerated due to a slowdown in capital deepening related to the trend increase in employment. Policies in the areas of research and development, innovation, entrepreneurship, product market regulation and taxation could raise productivity growth.
Human capital has traditionally been a strong point for the Danish economy, boosting income levels and the economy’s capacity to adjust, but there is room for improvement. Key education policy issues that need attention comprise learning outcomes and completion rates.
The Irish labour market is undergoing a severe adjustment following the sharp fall in output, which has been concentrated on labour intensive sectors.
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.
While Mexico’s growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets.
Despite progress over the past two decades Mexico’s health and education indicators remain well below the average of the OECD and some of its Latin American emerging market peers.
This working paper discusses what policy makers should do in order to restore balance in the Icelandic economy and lay out the foundations for a sustainable recovery.
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, as discussed in this working paper.
This working paper begins with a discussion of the factors that made the banks, non-financial firms and households vulnerable to deterioration in global financial markets. It then describes the failure of the banks, its direct impact on government debt, the IMF SBA and the economic outlook.