Countries where skills are less equally distributed tend to have higher wage inequality. Putting skills to better use can help reduce wage inequality, by strengthening the links between workers’ skills, productivity and wages.
English, PDF, 1kb
Labour market conditions are improving in many OECD countries but the recovery from the recent economic crisis remains very uneven. Employment is still growing too slowly in the OECD area to close the jobs gap induced by the crisis, even by the end of 2016. Consequently, unemployment for the OECD as a whole is projected to continue its slow decline, reaching 6.6% by the end of 2016.
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.
English, PDF, 788kb
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.
English, PDF, 125kb
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.
English, PDF, 1,295kb
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.
English, PDF, 1,088kb
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.