Being able to directly measure all the above aspects would be extremely useful but economists and analysts usually face severe data limitations (e.g. small sample size, data comparability, measurement error etc.) and are, in many instances, forced to use second-best proxies to describe skills and build indicators.
Youth who have disconnected from the education system and are not working or planning to return to training are at high risk of marginalisation. Review of programs and other initiatives to re-connect.
High-skilled jobs as an important driver of overall employment growth in the EU and the impact of high-skill job creation goes beyond the highly educated workforce. If European regions are very unequal in terms of high-skill intensity, they are converging slowly.
Older workers earn more than younger workers with the same skills. So what explains the lower return to skill among younger, less-experienced workers? Employers may need time to learn about (and reward) the true skills of young workers. “Experience and the returns to education and skill in OECD countries, Evidence of employer learning?” published in the OECD Journal: Economic Studies.
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This edition of Migration Policy Debates provides an assessment of the possible economic impact of the refugee crisis. It stresses that while there will obviously be short-term costs arising from such large flows, there will also be sizeable economic and public-finance benefits provided refugees are integrated into the labour market.
On 14-15 January 2016 the OECD will host a Ministerial meeting on Labour and Employment, and a Policy Forum on the Future of Work.
The potential for automation is limited when it comes to social skills, which is why social skills are increasingly rewarded in the labour market. Technological change is shaping the future of work through, in part, a skill-biased effect on employment.