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OECD Employment Outlook 2015

image of OECD Employment Outlook 2015

The 2015 edition of the OECD Employment Outlook provides an in-depth review of recent labour market trends and short-term prospects in OECD countries. Chapter 1 looks at recent labour market developments focusing on minimum wages, while Chapter 2 draws on the OECD’s International Survey of Adult Skills and considers skills and wage inequality. Chapter 3 looks how policies to get job seekers back into work can help make labour markets more inclusive, while Chapter 4 examines job quality in terms of earnings mobility, labour market risk and long-term inequality. Finally, Chapter 5 discusses how job quality in emerging economies can be enhanced.

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Recent labour market developments with a focus on minimum wages

This chapter provides an overview of labour market developments in the OECD area since the onset of the financial and economic crisis in 2008 and discusses OECD projections through the end of 2016. Changes in the level and composition of employment are documented, as well as the evolution of real wages. A special section analyses statutory minimum wages. After describing the minima in place in 26 OECD countries, evidence about their effectiveness in supporting the incomes of workers at the bottom of the wage ladder is presented and assessed. Effective co-ordination of minimum wages with tax and benefit policy receives particular attention.

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