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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | OECD labour markets are characterised by their dynamism. Each year, more than 20% of jobs, on average, are created and/or destroyed, and around one-third of all workers are hired and/or separated from their employer. These large job and worker flows are driven by a continuous process of labour reallocation, both across industries and between declining and growing firms within the same industry. This reallocation is an important source of productivity gains, since more productive firms expand at the expense of less productive firms and earnings rise on average for workers changing jobs, particularly workers who voluntarily quit one job in order to move to another. However, high job turnover is also a source of insecurity for workers, especially those who are displaced from their jobs because their employer downsizes its workforce or goes out of business altogether. A common challenge facing OECD governments is thus to nurture labour market dynamism while keeping the adjustment costs that are borne by displaced workers as low as possible. |
| Page Count | 1 |
| Starting Page | 3 |
| Ending Page | 3 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2015-12-16 |
| Access Restriction | Open |
| Subject Keyword | Employment |
| Content Type | Text |
| Resource Type | Chapter |
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