Switzerland has a well-functioning labour market with low unemployment, a highly skilled workforce and well-paid jobs. It has proved resilient during the COVID-19 crisis, helped by extensive government support to employment and incomes. As activity recovers, the authorities face the challenge of ada...

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Bibliographic Details

Main Author:	Salins, Veronique (Author)
Other Authors:	Sila, Urban (Contributor)
Format:	Electronic eBook
Language:	English
Published:	Paris OECD Publishing 2022
Series:	OECD Economics Department Working Papers no.1720
Subjects:	Economics Switzerland
Online Access:	DE-862 DE-863
Summary:	Switzerland has a well-functioning labour market with low unemployment, a highly skilled workforce and well-paid jobs. It has proved resilient during the COVID-19 crisis, helped by extensive government support to employment and incomes. As activity recovers, the authorities face the challenge of adapting support measures to avoid hindering job reallocation and productivity growth while ensuring adequate support to vulnerable firms and workers. The pandemic has also reinforced certain pre-existing challenges. The already sizeable gender pay gap risks widening, and older workers face a higher risk of long-term unemployment. Making the labour market more inclusive would help the recovery and raise productivity. Switzerland would benefit from bringing under-represented groups more effectively into the labour market. Raising skills and lowering inequities in education and training will also be essential to facilitate job transitions and ensure that workers and firms benefit from technological change and the digital transformation.
Physical Description:	1 Online-Ressource (45 Seiten) 21 x 28cm.