Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.
OECD unemployment rate stable at 6.7% in September 2015
While Korea has seen strong economic growth and an impressive rise of skill levels over the past decades, further action is needed to improve the labour market relevance of education, remove barriers to employment and raise productivity levels in Korea, according to a new OECD report.
Encouraging more people to continue to work later in life would help Denmark meet the challenges of its rapidly ageing population. The ratio of the population aged 65 and over to the working-age population is projected to increase from 30% in 2012 to 43% in 2050, according to a new OECD report.
OECD employment rate stable at 66.1% in the second quarter of 2015
OECD unemployment rate stable at 6.8% in August 2015
Austria needs to do more to help people with mental health problems find a job or stay in the workplace, according to a new OECD report. A more comprehensive approach would help employees and firms alike: mental health issues are estimated to cost the Austrian economy around 3.6% of GDP every year in lost productivity, health care and out-of-work benefits.
OECD Unit Labour Cost growth steady at 0.1% in the second quarter of 2015
OECD unemployment rate remains stable at 6.8% in July 2015
Latvia should step up its efforts to improve the employment prospects of young people by continuing to reform its vocational education system and pursuing the commitments made as part of the Youth Guarantee to further reduce the share of young people under 30 who are not in employment, education or training.