OECD Economic Surveys Finland Finland
The COVID-19 pandemic has plunged Finland into a deep recession, albeit less severe than in most other OECD countries. Finland managed to bring the first wave of the coronavirus under control quickly through a combination of voluntary mobility reductions and timely containment measures and is on tra...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Paris :
OECD Publishing
2020.
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| Colección: | OECD Economic Surveys: Finland
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705012606719 |
Tabla de Contenidos:
- Intro
- Basic statistics of Finland, 2019
- Executive Summary
- The COVID-19 pandemic caused an economic slump
- Macroeconomic policies are supporting economic recovery
- Fiscal consolidation is needed once the economic recovery is underway to stabilise debt
- Stronger productivity growth will bolster the economic recovery
- Further measures are needed to meet greenhouse gas abatement objectives
- 1 Key policy insights
- The pandemic caused an economic slump in the first half of 2020
- The government provided a bridge to businesses and households to traverse the crisis
- Measures to support employment and income
- Measures to support businesses
- Government policies are supporting a strong rebound from the slump
- Fiscal policy is expansionary in 2020
- Monetary policy is boosting credit supply and keeping interest rates low
- Macro prudential policies should be tightened as the economy recovers to contain financial stability risks
- The recovery will be gradual and subject to risks
- Restoring public finance sustainability
- Boosting productivity growth
- Fostering the supply of skilled workers
- Easing regulatory barriers to competition
- Further measures are needed to achieve Finland's GHG emissions abatement objectives
- Perceived corruption is low, tax transparency is high but some aspects of anti-money laundering measures need strengthening
- Annex A. Finland's early policy response against the COVID-19
- References
- 2. Realising the government's objective to increase employment
- The employment rate gap between Finland and the Scandinavian Nordics
- The employment rate gap for older workers
- The employment rate gap for young women
- The employment rate gap for youth
- Reforms since the turn of the century to increase employment.
- Tightening access to disability pension and increasing the share of employers subject to experience-rated contributions
- Increasing the age of entitlement to extended unemployment benefit
- The 2005 and 2017 old-age pension reforms
- Boosting activation
- Reducing effective tax rates on labour income
- The employment package announced in 2019 and revised in the proposed 2021 budget
- Increasing the employment of older workers
- Early retirement pathways reduce employment of seniors
- Phase out the unemployment benefit route to early retirement
- Align conditions for obtaining disability benefit for older workers with those for other workers
- Enhancing current and future older workers' skills
- Maintaining employability at older ages through more targeted lifelong learning
- Strengthening employment services to boost the re-employment of older workers
- Adapting the workplace to older workers
- Fighting age discrimination
- Increasing the employment of mothers with young children
- Financial working incentives are weak
- Reducing the homecare allowance would improve work incentives
- Enhancing access to childcare
- References.
