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The labor market in Finland, 2000–2018

Author

Listed:
  • Tomi Kyyrä

    (VATT Institute for Economic Research, Finland, and IZA, Germany)

  • Hanna Pesola

    (VATT Institute for Economic Research, Finland)

Abstract

Finland's population is aging rapidly by international comparison. The shrinking working-age population means that the burden of increasing pension and health care expenditures is placed on a smaller group of employed workers, while the scope for economic growth through increased labor input diminishes. Fiscal sustainability of the welfare state calls for a high employment rate among people of working age. Recent increases in employment contribute favorably to public finances, but high overall unemployment and a large share of the long-term unemployed are serious concerns.

Suggested Citation

  • Tomi Kyyrä & Hanna Pesola, 2020. "The labor market in Finland, 2000–2018," IZA World of Labor, Institute of Labor Economics (IZA), pages 421-421, March.
    • Handle: RePEc:iza:izawol:journl:2020:n:421
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    References listed on IDEAS

    as
    1. Kyyrä, Tomi & Pesola, Hanna & Rissanen, Aarne, 2017. "Unemployment Insurance in Finland: A Review of Recent Changes and Empirical Evidence on Behavioral Responses," Research Reports 184, VATT Institute for Economic Research.
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    More about this item

    Keywords

    real earnings; unemployment; Finland;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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