OECD Economic Surveys: Norway 2019 by OECD

Author:OECD
Language: eng
Format: epub
Tags: economics
Publisher: OECD Publishing
Published: 2019-12-09T00:00:00+00:00

Despite Norway’s overall impressive performance, there are areas of weakness and developments that pose challenges for the labour market and the “Nordic” model. The remainder of this section discusses these in more detail, following the structure of the OECD Jobs Strategy Dashboard.

Employment rates are high but have deteriorated over time

Norway has a high employment rate, more than 6 percentage points above the OECD average among those aged 20-64 years, but it used to be even higher. Some of the decrease in overall employment rates is due to population ageing and young people staying at school longer, but both the level and position relative to other countries have slid over the past decade (Figure 2.4). While Norway’s employment rate of 20-64 year olds has declined, it has increased in many other countries and is now higher in several countries. The recent tightening in Norway’s labour market has only brought a partial turnaround.

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