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Investing in Youth: Finland

image of Investing in Youth: Finland

The series Investing in Youth builds on the expertise of the OECD on youth employment, social support and skills. It covers both OECD countries and key emerging economies. The report on Finland presents new results from a comprehensive analysis of the situation of young people in Finland, exploiting various sources of survey-based and administrative data. It provides a detailed assessment of education, employment and social policies in Finland from an international perspective, and offers tailored recommendations to help improve the school-to-work transition. Earlier reviews in the same series have looked at youth policies in Brazil (2014), Latvia and Tunisia (2015), Australia, Lithuania and Sweden (2016), Japan (2017), Norway (2018) and Peru (2019).

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Executive summary

Finland's education system ranks consistently among the best in the OECD, but inefficiencies in employment and social policies are hampering a smooth transition into the labour market for a considerable share of the youth population. The youth employment rate is slightly above the OECD average but markedly below those in other Nordic countries, while youth unemployment is only slowly recovering from a series of economic shocks that affected Finland in the past decade. With a strong demand for high-skilled workers and persistent shortages in high-skilled jobs, low-skilled youth encounter particular difficulties in the Finnish labour market. Those who failed to complete upper secondary education account for nearly half of all youth who are not in employment, education or training (the so-called NEETs).

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