Coping with the Job Crisis and Preparing for Ageing: The Case of Finland:
Maintaining high participation and employment in the face of the recent recession and a rapidly ageing population are major challenges for policy makers in Finland. The recession of the early 1990s showed that high unemployment can leave long-lasting scars on labour markets, while rapid ageing requi...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | Maintaining high participation and employment in the face of the recent recession and a rapidly ageing population are major challenges for policy makers in Finland. The recession of the early 1990s showed that high unemployment can leave long-lasting scars on labour markets, while rapid ageing requires longer working lives to ensure sustainable public finances. Minimising the effect of the recession on the labour market calls for nominal wage increases in line with economic conditions, greater flexibility in wage setting, ensuring earlier activation of unemployed and reforming unemployment and social benefits to better support work incentives. Finland has an unusual combination of elevated unemployment replacement rates and late referral to labour market activation, which contributes to high levels of inactivity and a large number of beneficiaries. This combination risks building up greater structural unemployment over time. More ambitious activation needs to be accompanied by lower replacement rates in the unemployment insurance and related schemes to support labour market participation, job search and employment. Institutional responsibilities in labour market policies should be simplified and made more transparent. With an already low effective retirement age, additional early permanent exit from the labour market needs to be discouraged. The recent success of restricting access to the unemployment pipeline should be followed up by a complete abolition of the system. Stricter criteria for entry into disability pensions should also be applied. The 2005 pension reform was a step in the right direction, but the old-age retirement system should be further adjusted to lower fiscal costs, raise the minimum retirement age and increase work incentives for older individuals. This Working Paper relates to the 2010 Economic Survey of Finland. (www.oecd.org/eco/surveys/Finland) |
| Beschreibung: | 1 Online-Ressource (32 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5kmddq4vnwvc-en |
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| spelling | Braconier, Henrik Verfasser aut Coping with the Job Crisis and Preparing for Ageing: The Case of Finland Henrik Braconier = Faire face à la crise de l'emploi et anticiper le vieillissement: le cas de la Finlande / Henrik Braconier Faire face à la crise de l'emploi et anticiper le vieillissement: le cas de la Finlande Paris OECD Publishing 2010 1 Online-Ressource (32 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Maintaining high participation and employment in the face of the recent recession and a rapidly ageing population are major challenges for policy makers in Finland. The recession of the early 1990s showed that high unemployment can leave long-lasting scars on labour markets, while rapid ageing requires longer working lives to ensure sustainable public finances. Minimising the effect of the recession on the labour market calls for nominal wage increases in line with economic conditions, greater flexibility in wage setting, ensuring earlier activation of unemployed and reforming unemployment and social benefits to better support work incentives. Finland has an unusual combination of elevated unemployment replacement rates and late referral to labour market activation, which contributes to high levels of inactivity and a large number of beneficiaries. This combination risks building up greater structural unemployment over time. More ambitious activation needs to be accompanied by lower replacement rates in the unemployment insurance and related schemes to support labour market participation, job search and employment. Institutional responsibilities in labour market policies should be simplified and made more transparent. With an already low effective retirement age, additional early permanent exit from the labour market needs to be discouraged. The recent success of restricting access to the unemployment pipeline should be followed up by a complete abolition of the system. Stricter criteria for entry into disability pensions should also be applied. The 2005 pension reform was a step in the right direction, but the old-age retirement system should be further adjusted to lower fiscal costs, raise the minimum retirement age and increase work incentives for older individuals. This Working Paper relates to the 2010 Economic Survey of Finland. (www.oecd.org/eco/surveys/Finland) Economics Finland https://doi.org/10.1787/5kmddq4vnwvc-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Braconier, Henrik Coping with the Job Crisis and Preparing for Ageing: The Case of Finland Economics Finland |
| title | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland |
| title_alt | Faire face à la crise de l'emploi et anticiper le vieillissement: le cas de la Finlande |
| title_auth | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland |
| title_exact_search | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland |
| title_exact_search_txtP | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland |
| title_full | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland Henrik Braconier = Faire face à la crise de l'emploi et anticiper le vieillissement: le cas de la Finlande / Henrik Braconier |
| title_fullStr | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland Henrik Braconier = Faire face à la crise de l'emploi et anticiper le vieillissement: le cas de la Finlande / Henrik Braconier |
| title_full_unstemmed | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland Henrik Braconier = Faire face à la crise de l'emploi et anticiper le vieillissement: le cas de la Finlande / Henrik Braconier |
| title_short | Coping with the Job Crisis and Preparing for Ageing: The Case of Finland |
| title_sort | coping with the job crisis and preparing for ageing the case of finland |
| topic | Economics Finland |
| topic_facet | Economics Finland |
| url | https://doi.org/10.1787/5kmddq4vnwvc-en |
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