Finland must make every effort to streamline the benefit system and encourage young jobseekers to look for work in order to reduce the share of under-30 year-olds who are not in employment, education or training (NEETs), according to a new OECD report.
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The tax wedge for the average single worker in Finland decreased by 0.4 percentage points from 42.7 in 2017 to 42.3 in 2018. The OECD average tax wedge in 2018 was 36.1 (2017, 36.2).
In 1969, when Finland became an OECD member, you were delicately balancing between the West and the East. Finland’s road to prosperity was neither obvious nor predetermined. Per capita income was almost 30% lower than in Sweden.
There are a few ingredients that are common to all high-performing education systems, including Finland. I would like to focus on two this evening: promoting teachers’ excellence, and harnessing technology for better learning.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Helsinki on 14-15 March 2019 on an Official visit to Finland. He will deliver a Keynote Address at the Symposium to celebrate the 50th Anniversary of Finland’s OECD membership “Will we stay on top? Finland’s next 50 years in the OECD”.
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The tax-to-GDP ratio in Finland decreased by 0.7 percentage points, from 44.0% in 2016 to 43.3% in 2017. The corresponding figures for the OECD average were an increase of 0.2 percentage points from 34.0% to 34.2% over the same period.
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.