Apprenticeships provide opportunities to build up new skills and knowledge both on and off the job. When they are of high quality, apprenticeships promote a smoother transition from school to work for young people, giving them a good start to their working careers.
This blog post looks at the importance of assessing and anticipating skill needs as recent empirical literature warns about the negative impact that skills mismatch can have on individuals and economies as a whole.
English, PDF, 1,945kb
This report, on strengthening the link between Growth and Employment, presents a brief update on recent economic and labour market developments in the G20, looks at the relationship between growth and employment, and discusses how to make the feedback positive and stronger.
The combination of work and study has been hailed as crucial to ensure that youth develop the skills required on the labour market so that transitions from school to work are shorter and smoother. As a result, many governments encourage learning on the job, particularly when it comes as part of certified programmes such as vocational education and training pathways (VET) or apprenticeships.
Il serait souhaitable que la Lettonie redouble d’efforts afin d’améliorer les possibilités d’emploi des jeunes, en poursuivant la réforme de son système d’enseignement professionnel et en respectant l’engagement, pris dans le cadre de la Garantie pour la jeunesse, de réduire encore le pourcentage de jeunes de moins de 30 ans qui ne sont ni scolarisés, ni actifs ni en formation.
Countries where skills are less equally distributed tend to have higher wage inequality. Putting skills to better use can help reduce wage inequality, by strengthening the links between workers’ skills, productivity and wages.
English, PDF, 1kb
Labour market conditions are improving in many OECD countries but the recovery from the recent economic crisis remains very uneven. Employment is still growing too slowly in the OECD area to close the jobs gap induced by the crisis, even by the end of 2016. Consequently, unemployment for the OECD as a whole is projected to continue its slow decline, reaching 6.6% by the end of 2016.
Human capital is key for economic growth. Not only is it linked to aggregate economic performance but also to each individual’s labour market outcomes. However, a skilled population is not enough to achieve high and inclusive growth, as skills need to be put into productive use at work.