Job Market Monitor
OECD
COVID and Tax and Fiscal Policy – They should continue to support households and businesses through containment, then shift to bolstering recovery OECD says
Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis. Tax and Fiscal Policy in Response to the … Continue reading
COVID in OECD – Efforts should be intensified says OECD
Efforts to contain virus and save lives should be intensified, and governments should plan stronger, more coordinated measures to absorb growing economic blow Increasingly stringent containment measures needed to slow the spread of the Coronavirus (Covid-19) will necessarily lead to significant short-term declines in GDP for many major economies, according to new OECD projections. OECD … Continue reading
Pension Systems – Governments need to quickly put in place more inclusive and harmonised pensions for all OECD says
Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report. Pensions at a Glance 2019 says that non-standard employment, such as self-employment, temporary or part-time … Continue reading
Skills – The updated 2019 OECD Strategy
The OECD Skills Strategy provides a strategic and comprehensive approach for ensuring that people and countries have the skills to thrive in a complex, interconnected and rapidly changing world. The updated 2019 OECD Skills Strategy takes account of the lessons learned from applying the original skills strategy in 11 countries since 2012, while also incorporating … Continue reading
Collective Bargaining – Revamp it to prevent rising labour market inequalities in rapidly changing world of work OECD says
Collective bargaining and worker’s voice are key labour rights but can also improve labour market performances, according to new OECD findings. Yet both these rights are under pressure from the general weakening of labour relations in many countries and the rise of new and often precarious forms of employment, according to a new OECD report. … Continue reading
Individual Learning Accounts – A well-designed programme can help countries achieve better training outcomes OECD says
A rise in non-standard work in many countries and an increased fragmentation of worker careers have created new challenges for training policies at a time when structural transformation is raising the need for both re- and up-skilling. Policy makers are searching for new solutions to the challenges set by the future of work and, in … Continue reading
The Squeezed Middle Class – The education and training systems should offer a wider range of learning opportunities at various ages OCDE says
Over the past decade, the OECD has documented the evolution of inequalities in income and opportunities in details in a series of flagship publications, from Growing Unequal? (2008), to Divided we Stand (2011), to In it Together (2015) and the latest release on The Broken Social Elevator that focused on social mobility and showed that … Continue reading
Immigration – OECD countries received slightly more than 5 million new permanent legal migrants in 2017
Preliminary data show that OECD countries received slightly more than 5 million new permanent legal migrants in 2017. This represents the first decline in migration to the area since 2011 (down by around 5%, compared to 2016). This is due, however, to the significant reduction in the number of recognised refugees in 2017 while other … Continue reading
OECD – The new Jobs Strategy
The labour markets of OECD and emerging economies are undergoing major transformations. The widespread slow-down in productivity and wage growth and high levels of income inequality in many countries are coupled with structural changes linked to the digital revolution, globalisation and demographic changes. These deep and rapid transformations raise new challenges for policy makers. In … Continue reading
Skills Gap – How to address the opportunities and challenges for skill development in the digital economy
The pervasiveness of digital technologies in daily life is fundamentally changing the way individuals access and elaborate knowledge. Individuals have to process complex information, think systematically and take decisions weighting different forms of evidence. They also have to continuously update their skills to match rapid technical change at the workplace. More fundamentally, in order to … Continue reading
OECD – The decoupling of wages from productivity
Several OECD countries have been grappling not only with slow productivity growth but have also experienced a slowdown in real average wage growth relative to productivity growth, which has been reflected in a falling share of wages in GDP. At the same time, growth in low and median wages has been lagging behind average wage … Continue reading
The Future of Work – Cognitive as well as non-cognitive skills are strongly rewarded by labour markets OECD says
This study explores how the digital transformation is affecting the demand for skills in 31 countries, by analysing how skills are rewarded in sectors which are more or less digitally intensive. In so far as higher salaries reflect relative skills shortage, returns to skills contribute to inform on how the demand of different skills is … Continue reading
Basic Skills of Immigrants in Canada in PIAAC – Lower proficiency scores than the Canadian-born in all three skills
The Programme for the International Assessment of Adult Competencies (PIAAC) conducted under the auspices of the Organisation for Economic Co-operation and Development (OECD) provides internationally comparable measures of three skills that are essential to processing information: literacy, numeracy, and problem solving in technology-rich environments (referred to in this report as PS-TRE). The OECD’s analysis of … Continue reading
Skills for the 21st Century – PIAAC is the jewel OECD says
The OECD Survey of Adult Skills is the jewel in the crown of its Programme for the International Assessment of Adult Competencies (PIAAC). This paper argues that the findings and policy lessons from the project to date justify the high hopes which were placed in PIAAC when detailed planning for the project began in 2003. … Continue reading
Employment policy must address the concerns underlying the populist backlash against globalisation OECD writes
While an expanding majority of OECD countries have finally closed the massive jobs gap that opened during the Great Recession of 2008‑09, people in a number of countries are expressing rising dissatisfaction with core economic policies, including the promotion of international trade and investment. The populist backlash against globalisation challenges the policy advice offered by … Continue reading
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