OECD Home › Economics Department › Labour markets, human capital and inequality
While still disappointing, the global economy is moving forward, at multiple speeds. These multiple speeds reflect different paths towards self-sustained growth, with each path carrying its own mix of risks.
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In this paper we assess the determinants of secondary school outcomes in South Africa. We use
Bayesian Averaging Model techniques to account for uncertainty in the set of underlying factors that are chosen among a very large pool of explanatory variables in order to minimize the risk of omitted variable bias.
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South Africa has achieved remarkable progress in educational attainment relative to other emerging
countries, but the quality of basic education for a large fraction of the Black African population is still very low.
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Skills have become the global currency of the 21st century. What are the hot issues facing countries, companies and individuals today? How can countries, companies and individuals tackle skills challenges and develop, supply and best use their talent pools? |
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OECD work on Employment The OECD helps economies to formulate policies to boost employment by reforming labour markets and designing policies that promote economic growth and development. |
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Divided We Stand: Why Inequality Keeps Rising In the three decades prior to the recent economic downturn, wage gaps widened and household income inequality increased in a large majority of OECD countries. This occurred even when countries were going through a period of sustained economic and employment growth. This report analyses the major underlying forces behind these developments. |
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