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Fostering a strong labour market to support the recovery and sustain growth in Switzerland

Author

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  • Veronique Salins
  • Urban Sila

Abstract

Switzerland has a well-functioning labour market with low unemployment, a highly skilled workforce and well-paid jobs. It has proved resilient during the COVID-19 crisis, helped by extensive government support to employment and incomes. As activity recovers, the authorities face the challenge of adapting support measures to avoid hindering job reallocation and productivity growth while ensuring adequate support to vulnerable firms and workers. The pandemic has also reinforced certain pre-existing challenges. The already sizeable gender pay gap risks widening, and older workers face a higher risk of long-term unemployment. Making the labour market more inclusive would help the recovery and raise productivity. Switzerland would benefit from bringing under-represented groups more effectively into the labour market. Raising skills and lowering inequities in education and training will also be essential to facilitate job transitions and ensure that workers and firms benefit from technological change and the digital transformation.

Suggested Citation

  • Veronique Salins & Urban Sila, 2022. "Fostering a strong labour market to support the recovery and sustain growth in Switzerland," OECD Economics Department Working Papers 1720, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:1720-en
    DOI: 10.1787/aefe5c44-en
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    More about this item

    Keywords

    active labour market policies; ageing; coronavirus; covid-19; employment; gender; labour market; short time working scheme; skills and education; social protection; work incentives;
    All these keywords.

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • I2 - Health, Education, and Welfare - - Education

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