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The background to active labour market policies in the United Kingdom
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The UK labour market weathered the recent recession moderately well: unemployment continues to fall and the employment rate is close to its pre-recession level, and is above the international average although still some way below the highest rates in the OECD. The fall in productivity growth in the United Kingdom has been particularly sharp, with GDP expected to surpass its 2008 level only in 2014. The other salient features of the UK labour market include a fairly high level of female employment, albeit somewhat below the EU average for mothers with younger children, and comparatively low for lone parents. Immigration and natural growth notwithstanding, the United Kingdom will experience significant ageing in the next few decades. Despite high tertiary education attainment rates there is a risk that the pool of highly skilled adults in the United Kingdom will shrink relative to that of other countries. The United Kingdom is characterised by flexible labour market regulation for both permanent and temporary contracts. A minimum wage was introduced in 1998; its level relative to the median wage is towards the middle of the range among OECD countries. |
| Page Count | 23 |
| Starting Page | 33 |
| Ending Page | 55 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2014-07-15 |
| Access Restriction | Open |
| Subject Keyword | Employment |
| Content Type | Text |
| Resource Type | Chapter |
