OECD Economics Department Working Papers
Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- ISSN: 18151973 (online)
- https://doi.org/10.1787/18151973
Labour markets and the crisis
The deep recession has led to a marked deterioration in labour market conditions in the OECD area. This
paper, which draws heavily on other ongoing analytical work at the OECD, takes stock of recent labour
market developments, highlights some of the key uncertainties in the early stages of the upturn, and
discusses the policy options available to damp any further, structural deterioration in labour markets and
facilitate an eventual, sustained, job-rich recovery.
Keywords: recovery, crisis, policy, employment, unemployment
JEL:
J20: Labor and Demographic Economics / Demand and Supply of Labor / Demand and Supply of Labor: General;
E24: Macroeconomics and Monetary Economics / Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy / Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity;
J08: Labor and Demographic Economics / General / Labor Economics Policies
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