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

Veronique Salins and Urban Sila

No 1720, OECD Economics Department Working Papers from OECD Publishing

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.

Keywords: active labour market policies; ageing; coronavirus; covid-19; employment; gender; labour market; short time working scheme; skills and education; social protection; work incentives (search for similar items in EconPapers)
JEL-codes: H53 H55 I2 J2 J3 J6 (search for similar items in EconPapers)
Date: 2022-07-04
New Economics Papers: this item is included in nep-dem and nep-lma
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