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.

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Age, skills and labour market outcomes in Finland

Macro-simulations benchmarking employment in Finland to the Nordic average show that closing the large gaps in labour participation vis-à-vis the other Nordics across genders and age groups would boost employment significantly. Regressions on micro-data from the OECD Survey of Adult Skills (PIAAC) show how skills, education and other socio-economic background variables explain some of the observed differences in labour market outcomes across age and gender. Low employment in the oldest Finnish cohorts is partly a result of a large skills gap vis-à-vis younger generations. This Working Paper relates to the 2016 OECD Economic Survey of Finland (www.oecd.org/eco/surveys/economic-survey-finland.htm)


Keywords: employment, labour market, adult skills, earnings, mismatch
JEL: J31: Labor and Demographic Economics / Wages, Compensation, and Labor Costs / Wage Level and Structure; Wage Differentials; J11: Labor and Demographic Economics / Demographic Economics / Demographic Trends, Macroeconomic Effects, and Forecasts; J24: Labor and Demographic Economics / Demand and Supply of Labor / Human Capital; Skills; Occupational Choice; Labor Productivity; J21: Labor and Demographic Economics / Demand and Supply of Labor / Labor Force and Employment, Size, and Structure
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