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This model shows that a large scale role out of the activation program decreases welfare, while a standard partial microeconometric cost-benefit analysis would conclude the opposite.
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Ireland’s workers suffered badly during the economic and financial crisis. The unemployment rate more than tripled from 4.6% in Q1 2007 to its peak of 15.1% in Q4 2011. The situation was even more drastic for 15-24 year olds. The youth unemployment rate rose from 8.8% to just over 31% in the first half of 2012, with a substantial increase in the number of youth not working and not in education or training.
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At 6.2% in July, the US unemployment rate is back where it was in September 2008 when the bankruptcy of Lehman Brothers signalled an intensification of the recession that had already been underway since the end of 2007.
"Comunidad y desarollo local" - Tercera edición - es un curso intensivo de dos semanas construido para un grupo de estudio de America Latina para un trabajo de investigación e intercambio sobre el proceso de definición de una estrategia de desarollo local.
The School is organising specialised courses on socio-economic development and creating an international platform to exchange experiences and knowledge between public officers and practitioners from OECD member and non member countries that deals with cooperation and local development issues.
OECD Employment Outlook 2012: chapter summaries
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The US labour market continues its slow recovery from the 2008-09 recession, but the unemployment rate remains significantly higher than before the financial crisis
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The UK economy has been broadly flat over the past two years. Employment has risen slightly, while the unemployment rate has stayed close to 8%. Projections in the 2012 OECD Employment Outlook foresee some increase in the unemployment rate that could even reach 9% in 2013.
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Despite some decline in the number of registered unemployed in June, high levels of unemployment in Spain are set to persist in the short-run, given its weak economic growth prospects.
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Mexico has experienced a stronger economic recovery than most other OECD countries accompanied by strong employment growth.