The OECD’s most recent ‘Investing in Youth’ country reviews identify three broad streams of solutions to provide disadvantaged youth with the skills they need and thus reduce the share of youth outside of education or employment.
Being able to directly measure all the above aspects would be extremely useful but economists and analysts usually face severe data limitations (e.g. small sample size, data comparability, measurement error etc.) and are, in many instances, forced to use second-best proxies to describe skills and build indicators.
Youth who have disconnected from the education system and are not working or planning to return to training are at high risk of marginalisation. Review of programs and other initiatives to re-connect.
High-skilled jobs as an important driver of overall employment growth in the EU and the impact of high-skill job creation goes beyond the highly educated workforce. If European regions are very unequal in terms of high-skill intensity, they are converging slowly.
Older workers earn more than younger workers with the same skills. So what explains the lower return to skill among younger, less-experienced workers? Employers may need time to learn about (and reward) the true skills of young workers. “Experience and the returns to education and skill in OECD countries, Evidence of employer learning?” published in the OECD Journal: Economic Studies.
Les 14 et 15 janvier 2016, l’OCDE accueillera une Réunion ministérielle sur l’emploi et le travail, et un Forum sur le thème de l’avenir du travail.
The potential for automation is limited when it comes to social skills, which is why social skills are increasingly rewarded in the labour market. Technological change is shaping the future of work through, in part, a skill-biased effect on employment.
Improving school-to-work transitions and ensuring better career opportunities for youth after labour market entrance are common goals in emerging and advanced economies as they can contribute to raising the productive potential of the economy and to increasing social cohesion. However, the challenges faced in achieving these objectives and the policies required vary between emerging and advanced economies.