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Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.
Joint Seminar on "Reforming European Labour Markets: Stimulating Job Creation and Better Outcomes for Youth"
This working paper reports on the work undertaken as part of the Tackling Long-term Unemployment Amongst Vulnerable Groups project. It includes the findings of a survey undertaken jointly by the OECD LEED Programme and the World Association of Public Employment Services in 2012, and also case studies and learning models from around the world on innovative practices to support the long-term unemployed into work.
Norway is better placed to cope with population ageing than most other countries. But it could still do more to improve incentives and opportunities for people to stay working longer which would help ensure the country’s long-term future, according to a new OECD report.
Unit labour costs (ULCs) in OECD countries decreased by 0.1% in the first quarter of 2013, compared with a rise of 1.1% in the fourth quarter of 2012. This was driven by lower growth of labour compensation per unit of labour input (0.3% compared with 0.9% in the previous quarter), and increased labour productivity growth (0.4% compared with minus 0.2%).
How to stimulate growth and support job creation are two critical challenges that countries and localities confront and limited resources require lateral thinking about how actions in one area, such as employment and training, can have simultaneous benefits in others, such as creating new jobs and better supporting labour market inclusion.
The OECD unemployment rate was stable at 8.0% in April 2013, unchanged from the previous month.
OECD governments have committed to stepping up their efforts to tackle high youth unemployment and strengthen their education systems to better prepare young people for the world of work.
This OECD Forum and the Ministerial Council Meeting that follows, are precisely about people. This is the raison d’etre of this event: the wellbeing of our people. So be confident, you are at the right place, this Conference is about you, and your families, and your friends, and their dreams, fears and opportunities, said Angel Gurría.
High female participation in the workforce has a decisive effect on a country’s performance, as Norway shows.