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OECD report suggests that youth and older workers are not substitutes in employment

by on July 17, 2013

The OECD Employment Outlook Report  reviews the experience of different labour market groups across the globe in the wake of the (on-going) economic crisis.  A summary reported in the Guardian highlights the findings in respects to older and younger workers, saying that the report “cautions, however, that leaders must not repeat their past mistakes of thinking the experience of older workers comes at the expense of the young and that early retirement programmes are a way to cut youth unemployment”.  This advice comes in the light of increasingly pessimistic reports of youth unemployment figures, particularly in southern Europe.  The OECD suggest that older workers have weathered the storm somewhat better, particularly in respect to low-skilled, young men and suggest that “Youth need to be actively supported to avoid long-term “scarring” effects as a result of prolonged unemployment and low-income spells early on in their careers”.  The OECD categorises young workers as between the ages of 15 and 24, and older workers as between the ages of 55 and 64.  This latter categorisation obviously excludes those who remain economically active past the age of 64.

The OCED press conference presentation is provided below:

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