The effects of the EU Fit for 55 package on labour markets and the demand for skills
This paper quantifies changes in employment and the demand for skills in the European
Union following the implementation of Fit for 55 policies. Between 2019 and 2030,
the economy is projected to grow by 1.3% in the Fit for 55 scenario (3% in a Baseline
scenario without the Fit for 55 policies). Employment growth is projected to be lower
in the Fit for 55 than the Baseline scenario. Employment in the Fit for 55 scenario
is projected to decrease by 3% for blue collar and farm workers (2% in the Baseline)
and increase by 4 5% for other occupations (5-6% in the Baseline). The most demanded
skills following the implementation of Fit for 55 will be those related to inter personal
communication and the use of digital technologies, whereas the demand for skills related
to the use of traditional tools and technologies is projected to decline. Anticipating
changes in employment and the demand for skills as well as the socio-demographic profile
of those most affected can facilitate the design of upskilling and reskilling efforts
and promote the reallocation of workers across sectors and occupations.
Published on August 02, 2023
In series:OECD Social, Employment and Migration Working Papersview more titles