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Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. Income dispersion largely originates from the labour market, which is characterised by a still high unemployment rate, a pervasive informal sector and a wide wage dispersion reflecting a large education premium for those with higher education.
Localities across the OECD area are confronted with the challenge of reducing high and persistent unemployment and defining new sources of economic growth, all in the context of shrinking public resources. The 9th Annual Meeting offered an opportunity to reflect on innovative ways to support local job creation, business growth and effective policy delivery.
Growth in Unit labour costs (ULCs) in the OECD area accelerated to 0.6% in the fourth quarter of 2012, compared to 0.2% in the third quarter. Overall, growth in labour compensation per unit of labour input slowed marginally (to 0.3% compared to 0.4% in the third quarter). But this was more than offset by a significant slowdown in labour productivity (minus 0.3% compared to plus 0.2% in the previous quarter).
Employment has risen by more and unemployment has risen less than expected, given the path of output. Nevertheless, long-term and youth unemployment and involuntary part-time work are high. A polarised labour market risks worsening income inequality, which is high by OECD standards, despite a recent and likely temporary decline.
The OECD unemployment rate increased to 8.1% in January 2013, compared with 8.0% in the previous month.
Norway should overhaul its approach to mental health issues in the workplace in order to help more people find a job or stay in work, and cut high and rising public spending, according to a new OECD report.
Sweden should make greater efforts to prevent and address mental health problems among people under the age of 30, in order to boost their job prospects and reduce government spending on health care and out-of-work benefits, according to a new OECD report.
The OECD Employment, Labour and Social Affairs Directorate has launched in September 2008 a series of seminars open to both external and internal speakers. It is intended to be an informal forum for discussion of policy-oriented empirical research work among policy-makers, academics and OECD staff.
This paper discusses the pros and cons of a single labour contract. After reviewing the current state of dualism in labour markets and the recent labour reforms in Europe, we discuss the various proposals to eliminate dualism.
This paper analyses the age structure of employment rates across OECD countries with a focus on France. The statistical contribution of each age group to total unemployment-rate differentials is also computed.