Human capital is key for economic growth. Not only is it linked to aggregate economic performance but also to each individual’s labour market outcomes. However, a skilled population is not enough to achieve high and inclusive growth, as skills need to be put into productive use at work.
At OECD, the relationship between skills and the labour market is the object of in-depth research and policy analysis. This includes the measurement of skill requirements in the Survey of Adult Skills (PIAAC), thematic analysis on the links between skills and key labour market outcomes, as well as the assessment and policy response to changing skill needs.
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The purpose of this note is to highlight the key obstacles that young people face to obtaining high-quality jobs and to propose a number of concrete policy objectives that G20 economies could adopt to tackle these obstacles.
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Countries have agreed to self-report to the G20 Employment Working Group on the implementation of their national Employment Plans. To simplify and facilitate the reporting and at the same time ensure that it is substantive and useful for Leaders, this new template is proposed.
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Investing in skills is crucial to improve individual outcomes and drive better economic performance: skills underpin innovation, adoption of leading technologies and ultimately productivity to drive strong economic growth. The OECD has therefore prepared a G20 Skills Strategy for developing and using skills for the 21st Century. This paper puts forward a three-pronged approach to developing strong skills systems.
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This joint report by the ILO, OECD and the World Bank Group looks at the contribution of labour mobility to economic growth. Migrant labour to G20 countries is extremely important, and there is therefore a key role that G20 members could play in maximizing development benefits and returns to migrant workers.
As the first edition of “Youth Skills day” unfolds, about 40 million youth aged 15-29 in OECD countries are either looking for work or entirely disconnected from the labour market and from education and training.
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Unemployment remains too high in the Netherlands. Despite a substantial reduction in unemployment over the past year, the unemployment rate stood at 7.1 % in the first quarter of this year.
The 2015 edition of the OECD Employment Outlook provides an in-depth review of recent labour market trends and short-term prospects in OECD countries. Chapter 1 looks at recent labour market developments focusing on minimum wages, while Chapter 2 draws on the OECD’s International Survey of Adult Skills and considers skills and wage inequality. Chapter 3 looks how policies to get job seekers back into work can help make labour markets more inclusive, while Chapter 4 examines job quality in terms of earnings mobility, labour market risk and long-term inequality. Finally, Chapter 5 discusses how job quality in emerging economies can be enhanced.
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At 75%, the employment rate in New Zealand is the third highest among OECD countries and has been only marginally affected by the recent economic crisis.