OECD Economic Surveys: Belgium 2005
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OECD Economic Surveys: Belgium 2005

This survey of Belgium's economy takes a comprehensive look at the country's most pressing economic problem: population ageing.  After looking at the economic and budget consequences of ageing, the report examines a number of responses including putting public finances on a sustainable path, constraining health expenditure growth, increasing the employment rate, enhancing the economic impact of migration, raising achievement in secondary education, and increasing productivity growth.
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Increasing the Employment Rate You do not have access to this content

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OECD

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This chapter discusses ways of increasing the low employment rates among older workers and youngsters and lowering the high structural unemployment rate, which account for most of Belgium’s labour under-utilisation. While generous routes to early retirement built into the social security and tax systems (unlimited duration of unemployment benefits, pre-pensions; "Canada Dry" arrangements; early legal pension; generous time-credit schemes) depress labour supply of the elderly, the growing disconnection between wages and productivity due to seniority-based pay scales and low participation in training and life-long learning hampers labour...
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