An Index of Labour Market Well-Being for OECD Countries

Abstract

This report constructs an Index of Labour Market Well-being for OECD countries that measures the well-being individuals obtain through the labour market. The index has four components: average current labour market income, human capital, labour market equality (earnings inequality and low-wage employment), and labour market security (security from risks of unemployment, work-related illness, and poverty in retirement). The report develops a scaling methodology and presents estimates for OECD countries, comparing results with other composite measures of labour market performance.

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