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OECD Reviews of Labour Market and Social Policies: Latvia 2016

In series:OECD Reviews of Labour Market and Social Policiesview more titles

Published on March 31, 2016

book

Latvia has undergone major economic and social change since the early 1990s. Despite an exceptionally deep recession following the global financial crisis, impressive economic growth over the past two decades has narrowed income and productivity gaps relative to comparator countries in the OECD. But Latvians report low degrees of life satisfaction, very large numbers of Latvians have left the country, and growth has not been inclusive. A volatile economy and very large income disparities create pressing needs for more effective social and labour-market policies. The government’s reform programme rightly acknowledges inequality as a key challenge. However, without sustained policy efforts and adequate resources, there is a risk that productivity and income growth could remain below potential and social cohesion could be further weakened by high or rising inequality.

TABLE OF CONTENTS

Foreword
Executive summary
Assessment and recommendations
A volatile economy heightens Latvia's social challenges
Responding to the decline of Latvia's population
A more productive labour force in Latvia
Reinforcing Latvia's active social policies
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