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Are we getting it right? The importance of assessing and anticipating skill needs

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.

G20 Ankara: Increasing Investment in Human Resources

I am particularly pleased to introduce this session of the Ministerial as boosting investment in human resources is a key pillar of a successful strategy to foster the G20 inclusive growth agenda. The G20 Skills Strategy, in this regard, is a very timely initiative.

Income Inequality and Labour Income Share in G20 Countries: Trends, Impacts and Causes

This report presents concise evidence of recent trends in inequality and labour income shares and identifies possible causes as a basis for developing potential policy responses. It pays particular attention to both the overall trends and common patterns in the G20 as well as to the important differentiation across G20 countries.

G20 Labour Markets in 2015: Strengthening the Link between Growth and Employment

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.

G20 Ankara Labour and Employment Ministers Meeting: Remarks at Introductory Session

The OECD very much welcomes the Turkish Presidency’s choice to focus on the three I’s of inclusiveness, implementation, and investment. Within these priorities, employment policies have an important role to play and the OECD is pleased to have contributed to the preparation of your meeting today, including the development of the key policy principles and frameworks.

A picture of working students in OECD countries

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.

Investing in Youth: Latvia

Latvia should expand work-based vocational training to boost young people’s job prospects

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.

Countries with skilled workers have less wage inequality

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.

Too small to “productively” use skills at work?

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.