Luxembourg: harnessing skills for more inclusive growth:
Digitalisation, automation and future technological changes are changing the world of work, affecting the skills needed to perform them. The future of jobs will not look like the present situation: increasingly, workers will have to adapt to fast technological change, accept more mobility during the...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1417 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Digitalisation, automation and future technological changes are changing the world of work, affecting the skills needed to perform them. The future of jobs will not look like the present situation: increasingly, workers will have to adapt to fast technological change, accept more mobility during their career, and regularly upgrade their skills to remain employable. Luxembourg's workforce is highly skilled, reflecting the concentration in the country of sophisticated firms in the financial sector and other top-end international services. However, some middle- skilled routine jobs - especially back office, custodian and legal services in the financial sector - may disappear as a result of automation. Workers with strong and adaptable skills will be well prepared to thrive in this new environment. While many individuals working in Luxembourg already possess such characteristics, many others do not, resulting in a relatively high level of skills mismatch. Further improvements in the education system are needed to address this challenge, provide the young with learning-to-learn as well as technical capabilities and avoid that large groups of people are left behind. As skill sets will need to be updated during working careers, the system of initial education must be complemented by a flexible system of lifelong learning, tailored to the special needs of individuals with limited education attainment and older workers. Better use of existing skills would entail reorienting labour market policies from supporting job creation towards high-quality training programmes with substantial on-the-job learning component and reflecting future labour market needs. The tax and benefit system needs to be adjusted to increase incentives to work for low-skilled youth, older workers and second earners. Fully individualised taxation would increase incentives to work of second earners and make the tax system more gender neutral, while an additional parental leave entitlement for fathers may result in more gender-balanced use of part-time work. This Working Paper relates to the 2017 OECD Economic Survey of Luxembourg (www.oecd.org/eco/surveys/economic-survey-luxembourg.htm). |
| Beschreibung: | 1 Online-Ressource (31 p.) |
| DOI: | 10.1787/c1386349-en |
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| spelling | Stráský, Jan VerfasserIn aut Luxembourg: harnessing skills for more inclusive growth Jan, Stráský Paris OECD Publishing 2017 1 Online-Ressource (31 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1417 Digitalisation, automation and future technological changes are changing the world of work, affecting the skills needed to perform them. The future of jobs will not look like the present situation: increasingly, workers will have to adapt to fast technological change, accept more mobility during their career, and regularly upgrade their skills to remain employable. Luxembourg's workforce is highly skilled, reflecting the concentration in the country of sophisticated firms in the financial sector and other top-end international services. However, some middle- skilled routine jobs - especially back office, custodian and legal services in the financial sector - may disappear as a result of automation. Workers with strong and adaptable skills will be well prepared to thrive in this new environment. While many individuals working in Luxembourg already possess such characteristics, many others do not, resulting in a relatively high level of skills mismatch. Further improvements in the education system are needed to address this challenge, provide the young with learning-to-learn as well as technical capabilities and avoid that large groups of people are left behind. As skill sets will need to be updated during working careers, the system of initial education must be complemented by a flexible system of lifelong learning, tailored to the special needs of individuals with limited education attainment and older workers. Better use of existing skills would entail reorienting labour market policies from supporting job creation towards high-quality training programmes with substantial on-the-job learning component and reflecting future labour market needs. The tax and benefit system needs to be adjusted to increase incentives to work for low-skilled youth, older workers and second earners. Fully individualised taxation would increase incentives to work of second earners and make the tax system more gender neutral, while an additional parental leave entitlement for fathers may result in more gender-balanced use of part-time work. This Working Paper relates to the 2017 OECD Economic Survey of Luxembourg (www.oecd.org/eco/surveys/economic-survey-luxembourg.htm). Economics Luxembourg FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/c1386349-en Volltext |
| spellingShingle | Stráský, Jan Luxembourg: harnessing skills for more inclusive growth Economics Luxembourg |
| title | Luxembourg: harnessing skills for more inclusive growth |
| title_auth | Luxembourg: harnessing skills for more inclusive growth |
| title_exact_search | Luxembourg: harnessing skills for more inclusive growth |
| title_full | Luxembourg: harnessing skills for more inclusive growth Jan, Stráský |
| title_fullStr | Luxembourg: harnessing skills for more inclusive growth Jan, Stráský |
| title_full_unstemmed | Luxembourg: harnessing skills for more inclusive growth Jan, Stráský |
| title_short | Luxembourg: harnessing skills for more inclusive growth |
| title_sort | luxembourg harnessing skills for more inclusive growth |
| topic | Economics Luxembourg |
| topic_facet | Economics Luxembourg |
| url | https://doi.org/10.1787/c1386349-en |
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