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OECD Economic Surveys: Luxembourg 2006
OECD. Published by : OECD Publishing , Publication date:  05 Jul 2006
Pages: 154 , Language: English
Version: E-book (PDF Format)
ISBN: 9789264025226 , OECD Code: 102006091E1
Price:   €31 | $43 | £27 | ¥4000 | MXN550
Availability: Available
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Other languages:  French (Available)
Superseded by: OECD Economic Surveys: Luxembourg 2012 - (Available)
Other Versions:  Print - Paperback
Subscription:  OECD Economic Surveys (Available)
Policy brief:  French, English

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Frequency: Every 18 months   Charts: 66  Electronic format: Acrobat PDF

This 2006 OECD review of Luxembourg's economy examines the challenges Luxembourg is facing with regard to slowing economic growth, public finances, employment, education achievement and product market competition. It finds that Luxembourg has regained its footing after a slowdown at the start of the decade and that the financial servies sector, which accounts for one-third of economic activity, has renewed confidence. But there is deterioration in the fiscal position, weakening of the pension system, and growing unemployment all of which could be improved through enhanced human capital development and strengthened product market competition.

Table of contents:

Executive Summary
Assessment and Recommendations
Chapter 1. Insuring against Lower Economic Growth in the Long Term
-The Macroeconomic Context
-Trend Economic Growth is Slowing from the Very High Rates in the 1980-1990s
-Economic Growth Has Become Increasingly labour Intensive
-The Economy Has Become Highly Specialised, Increasing Volatility
-Economic Policy Challenes
Chapter 2. Public Finances: Adjusting to Lower Growth
-The Short-Term Challenge: Curbing Expenditure Growth
-The Medium-Term Challenge: Pension System Sustainability
Chapter 3. Improving Employment Prospects of Resident Workers
-Addressing the Growing Problem of Unemployment
-Enhancing Labour Market Participation of Older Workers and Women
-Addressing the Unemployment of Disabled Persons
Chapter 4. Improving Education Achievement and Attainment to Compete in the Labour Market
-Education Outcomes Are Below the OECD Average
-Buidling on Successful Measures to Help Students Cope with Trilingual Education
-Reforms to Education Practices to Enhance Achievement
-Annex 4.A1. Structure of the Luxembourg Education System
-Annex 4.A2. Analysis of the 2003 PISA Results for Luxembourg
Chapter 5. Increasing Product Market Competition to Boost Productivity
-Competition Legislation and Enforcement
-Easing Regulation in Professional Services
-Fostering Productivity in Retail Trade
-Annex 5.A1. The Indicator of Regulation in Professional Services
-Annex 5.A2. The Competition Law and Policy Indicator System
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