Keep doors open to migrant workers to meet long-term labour needs, says OECD

The economic crisis is likely to cause the first major fall in the number of migrants coming to work in OECD countries since the 1980s, according to a new OECD report.

The jobs crisis: the labour market and social policy responses

Speaking at the G8 Summit Consultation with Social Partners in Rome on 26 June 2009, Mr Gurría urged the G8, BIAC, TUAC and OECD to join forces to help governments make the best use of labour market and social policies.

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Figure 1-Unemployment-Forum

Figure 1-Unemployment-Forum

Pensions at a Glance 2009: Highlights for Canada

The proportion of retirement incomes coming from private pensions and other financial assets in Canada is one of the highest among the 30 OECD countries. Old-age income safety-nets are amongst the highest in the OECD, helping Canada have one of the lowest poverty levels...

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Renten auf einen Blick - Ausgabe 2011

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Pensions at a Glance 2009: Highlights for Italy in Italian

L’Italia aveva la più elevata spesa pensionistica pubblica... I cambiamenti legiferati in Italia che avrebbero dovuto aumentare l’étà pensionabile e ridotto les prestazioni previdenziali in modo da rispeccchiare l’allungamento dell speranza di vita sono stati rimandati o ritardati...

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Austria has the second highest public spending on pensions in the 30 OECD countries (after Italy)... The pension replacement rate (pension entitlements relative to earnings) of 80% is much higher than the OECD average of 59%...

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Pensions at a Glance 2009: Highlights for the UK

The United Kingdom’s private pension funds have been heavily hit by the financial crisis, with real losses of 17.4% in 2008... The proportion of retirement income package from voluntary private pensions in the UK is the highest among OECD countries.

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Media briefing - Pensions and the crisis

No country, and no pension scheme, is immune from the effects of the crisis. Private pension funds lost 23% of their value in 2008, worth a heady US$5.4 trillion. Economic output is falling and unemployment is rising, putting pressure on the finances of public pension schemes as well.

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Pensions at a Glance 2009: Highlights for Germany

The German pension system has so far been less affected by the crisis than many other OECD countries... Replacement rates for low-earners are the lowest within the OECD at 43.0%. But coverage of private pensions is high, especially for lower earners, compared with other OECD countries.<

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