Income inequality and poverty in Colombia. Part 1. The role of the labour market

Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. Income dispersion largely originates from the labour market, which is characterised by a still high unemployment rate, a pervasive informal sector and a wide wage dispersion reflecting a large education premium for those with higher education.

Together We Stand: Inclusive Growth

Our economic growth models have not equitably distribute benefits. Inequalities were brewing under the surface prior to 2007 and increased almost everywhere even during periods of sustained economic growth. We need to reverse this trend, said OECD Secretary-General.

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Consumer Prices, OECD - Updated: 3 April 2013

Consumer prices in the OECD area rose by 1.8% in the year to February 2013, compared with 1.7% in the year to January 2013. This slight increase in the annual rate of inflation masks opposing movements in energy and food prices.

Global economy is improving but Europe lags behind, says OECD

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.

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Stepping up the pace of reform and fostering greener and more inclusive growth in China

China’s new leadership has signalled that it is time to step up the pace of reform, building on the remarkable economic and social achievements to date while recognising the pressing need for deep structural changes. Indeed, far-reaching reforms are necessary for continuing to raise living standards and well-being, even as China is poised to become the world’s largest economy by around 2016.

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System of unit labour cost, OECD - Updated: March 2013

Growth in Unit labour costs (ULCs) in the OECD area accelerated to 0.6% in the fourth quarter of 2012, compared to 0.2% in the third quarter. Overall, growth in labour compensation per unit of labour input slowed marginally (to 0.3% compared to 0.4% in the third quarter). But this was more than offset by a significant slowdown in labour productivity (minus 0.3% compared to plus 0.2% in the previous quarter).

经合组织称加快改革进程必将促进中国经济增长更加包容更加绿色

经合组织最新一期的《中国经济调查》指出，尽管中国在实现包容性增长方面成效显著，但为确保第四个十年更快地向更高生活水平靠拢，并使经济更加“绿色”，中国仍需采取重大措施深入改革。

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• L’accélération des réformes favorisera une croissance verte et solidaire en Chine

France must do more to boost competitiveness and create jobs

France has avoided the most severe impacts of the global economic crisis and turmoil in the euro area, but must now take action to boost competitiveness and create jobs, according to the OECD’s latest Economic Survey of France.

Work incentives and Universal Credit – reform of the benefit system in the United Kingdom

Under the Universal Credit reform, the main means-tested benefits except the Council Tax Benefit will be pooled into one single benefit with one single taper rate. The reform will give people better incentives to work, reduce complexity and contribute to reducing poverty.

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• Economic Survey of the United Kingdom 2013

Labour market, welfare reform and inequality in the United Kingdom

Employment has risen by more and unemployment has risen less than expected, given the path of output. Nevertheless, long-term and youth unemployment and involuntary part-time work are high. A polarised labour market risks worsening income inequality, which is high by OECD standards, despite a recent and likely temporary decline.

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• Economic Survey of the United Kingdom 2013