The labor market in Finland, 2000–2016

Tomi Kyyrä and Hanna Pesola
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Hanna Pesola: VATT Institute for Economic Research, Finland, and IZA, Germany

IZA World of Labor, 2018, No 421, 421

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 among older groups contribute favorably to public finances, but high overall unemployment and a large share of the long-term unemployed are serious concerns.

Keywords: real earnings; unemployment; Finland (search for similar items in EconPapers)
JEL-codes: E24 J3 (search for similar items in EconPapers)
Date: 2018
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