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OECD Economic Surveys: Finland 2004

image of OECD Economic Surveys: Finland 2004

In this 2004 review of the Finnish economy, OECD finds that Finland’s recent strong performance is threatened by population ageing and falling productivity and prices in the ICT sector. OECD suggests countering these pressures by boosting competition and expanding employment by further reducing early retirement schemes and tapering unemployment benefits. This edition’s special feature suggests other fiscal measures to counter the budgetary pressures of the ageing population. 

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Raising the Employment Rate

A major aim of the government is to raise employment by 100 000 by the end of the current electoral period in 2007, implying an increase in the employment rate from 67½ per cent in 2003 to about 70 per cent, which is also the EU-wide Lisbon target. This target is an intermediate step towards realising the more ambitious objective of a 75 per cent employment rate by the end of the following electoral period...

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