OECD Development Centre, ECLAC and CAF to launch their joint Latin American Economic Outlook 2015 at the XXIV Ibero-American Summit on Tuesday 9 December 2014

Reducing income inequality would boost economic growth, according to new OECD analysis. This work finds that countries with lower income inequality grow faster than those with higher inequality.

Latin America’s GDP growth rate has slowed down in 2014, dropping below 1.5%. This is the first time in a decade that the region grows less than the OECD average, according to the OECD Development Centre, the Commission for Latin American and the Caribbean and the development bank for Latin America. Given the projections in the past weeks, any recovery in 2015 is likely to be challenging.

Japan could help laid-off workers find a job more quickly by improving co-ordination between public employment services and companies, as well as ensuring that all workers benefit from adequate Employment Insurance (EI) benefits, according to a new OECD report.

The Trentino co-operative model has gained wide acclaim for its positive economic and social impact upon the territory. Developing a strong understanding of why the model has been so effective is important in identifying those factors which other localities could utilise as potential criticalities.

The WISE database provides a “one-stop” location to build up a statistical snapshot of skills development for each country. The database contains 64 indicators in five broad areas: contextual factors; skill acquisition; skill requirements; skill mismatch; and economic and social outcomes

We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!

The United Kingdom’s economy is projected to expand this year and next, but challenges remain to boost productivity and make future growth more inclusive, according to the OECD’s latest Economic Survey.

This paper presents an overview of the situation of youth in OECD countries since the financial crisis, describing the characteristics and living conditions of young NEETs. It provides data on income-support policies for young people, and summarises available evidence on the impact of interventions that aim at improving the social, education and employment situation of the most disadvantaged youth.

Tunisia has made great strides since 2011 towards greater inclusivity and fairness in its political system, based on the rule of law, transparency and good governance.

Encouraging more people to work later in life would help Poland meet the challenges of a rapidly ageing population. The percentage of old to younger groups (defined as share of over 65s to people aged 20-64) is projected to nearly triple from 22% in 2012 to 63% in 2050, according to a new OECD report.

The project provided recommendations to the city of Medellin and Antioquia to support the development of the local economy and includes a focus on how the innovative environment can be strengthened to support inclusion, entrepreneurship, SME, and local developmentto and how to better coordinate and integrate its policies with the national level.

Structural reforms and income distribution

This expert seminar aims to get a better understanding of the features, limitations and preliminary findings from the use of SIBs, and to a lesser extent, of DIBs in developing countries from a multidimensional and multi-stakeholder perspective.

The world is still repairing the damage done to employment prospects and social equality by the crisis. Governments are trying to create not just more jobs, but better jobs. A new OECD framework helps them to define what job quality means and to measure whether their policies are succeeding.

Three out of four OECD countries use minimum wages, and supporting low-wage earners is widely seen as important for promoting inclusive growth. This policy brief considers three aspects that are central for a balanced assessment of policy choices: The cost of employing minimum-wage workers, their take-home pay, and the number of workers affected.

Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies. The richest 10 per cent of the population in the OECD now earn 9.6 times the income of the poorest 10 per cent, up from 7:1 in the 1980s and 9:1 in the 2000s, according to a new OECD report.

At Nestlé, we have a long tradition of recruiting young people directly from schools or universities. We invest in them, build their capabilities and develop their professional career. We do so while embracing diversity of cultures, traditions and opinions.

The New Industrial Revolution affects the workforce in several ways. Ongoing innovation in renewable energy, nanotech, biotechnology, and most of all in information and communication technology will change labour markets worldwide. Especially medium-skilled workers run the risk of being replaced by computers doing their job more efficiently.

Of the abundant resources given to mankind, what is the most underused resource of our time? Without a doubt, women!

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.

Ireland was hit hard by the financial crisis and the labour market has yet to fully mend. The unemployment rate more than tripled from 4.6% in Q1 2007 to its peak of 15.1% in Q4 2011.

At 75%, the employment rate in New Zealand is the third highest among OECD countries and has been only marginally affected by the recent economic crisis.

The jobs recovery is slowly gathering pace, but employment will remain well below pre-crisis levels in many countries, especially in Europe, through to the end of 2016, according to a new OECD report.

Labour market conditions are generally improving in OECD countries. However, employment is still growing too slowly in the OECD area to close the jobs gap induced by the crisis by the end of 2016.

This report delivers evidence-based and practical recommendations on how to better support employment and economic development in Israel. Based on sub-national data analysis, it provides a comparative framework to understand the role of the local level in contributing to more and better quality jobs.

OECD countries are seeing a trend away from traditional employment towards part-time and temporary work and self-employment. However, there are concerns that part-time and temporary work are contributing to inequality and poverty. Policy needs to focus on ensuring that these "non-traditional" jobs are stepping stones to better jobs, not dead ends.

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.

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.

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.

The work will seek to identify good practices for employer engagement in the areas of both developing and utilising skills, including setting up innovative workplace learning methods, designing effective employer partnerships with the employment and training system as well as financing mechanisms for employer-led training, including how best to reach SMEs.

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.

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.

The fact remains that robots have persistently failed to imitate the most human of skills, such empathy, teamwork, relationship building, etc. While technology may be reducing the demand for some routine skills, it is simultaneously increasing the demand for more difficult-to-automate social skills.

In 2010, the G20 called for the development of a set of internationally comparable indicators of skills for employment and productivity for Low-Income Countries (LIC) as part of its Multi-Year Action Plan on Development. To respond to this call, the OECD has established the World Indicators of Skills for Employment (WISE) database in close collaboration with the World Bank, ETF, ILO and UNESCO

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.

Agreeing on skill needs is fundamental to develop a coherent response to skills imbalances. This can only be achieved if information is disseminated to all stakeholders in a pro-active way. For this, in turn, there is the need for the developers of skills anticipation exercises to engage their audience more effectively

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.

The seminar was organised by IPRASE, provincial institute for research and educational experimentation, instrumental body of the Autonomous Province of Trento, the Autonomous Province of Trento and the OECD LEED Trento Centre. The seminar represented a first public reflection on the Trentino Multilingualism Plan within a national and international comparison framework, in view of future prospects.

We are looking for national and sub-national policies and initiatives for social enterprise creation and development. The focus will be placed on initiatives funded by the European Social Fund, by other EU funds and programmes, by Member States and sub-national authorities and NOT on examples of successful social enterprises.

On 14-15 January 2016 the OECD will host a Ministerial meeting on Labour and Employment, and a Policy Forum on the Future of Work.

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.

The OECD and the Italian government are stepping up cooperation to ensure effective implementation of local development strategies to boost jobs, encourage entrepreneurship and increase social inclusion. An agreement, to be signed in Rome on 1 December 2015, will renew the mandate of the OECD Trento Centre for Local Development and establish a satellite office in Venice.

The webinars enabled serious discussion on the concept of ‘local economic resilience’ in an informal setting that facilitates interaction and questions. The format featured presentations from policy experts and a roundtable discussion with the audience.

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.

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.

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.

More equal access to employment services and better co-ordination between the government and social partners could help disadvantaged laid-off workers get back into employment, according to a new OECD report.

The project will identify the policy levers and instruments that can be helpful in the design of strategies to accompany the transition to older local labour markets, and identify how national policy frameworks can best support these transformations.

This work addresses the role of global value chains (GVCs), workforce skills, ICT, innovation and industry structure in explaining employment levels of routine and non-routine occupations. The analysis encompasses 28 OECD countries over the period 2000-2011.