The economic crisis has led to a surge in government deficits and pushed public indebtedness to 100% of GDP for the OECD as a whole in 2011. New research shows that bringing debt down to prudent levels will require sustained fiscal consolidation in most OECD countries.
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Corporate bosses are not exactly enjoying the sunlight these days, what with public outcries against “fat cat” bonuses and excessive boardroom pay despite the crisis. So when the chair of advertising giant, Publicis, Maurice Lévy, renounced his bonus at the end of 2011, people took notice. A case apart or an example for other bosses to follow? Mr Levy explains.
Men earn more than women, work less, and occupy more of the top jobs – but women live longer, are better educated and get to retire younger. How best to harness the talents of both sexes for better lives all round?
This report maps the development of the Programme, from determining what should be measured, to defining the meaning of PIAAC’s three core domains.
Faced with low growth, high unemployment and weak public finances, countries need to pursue new strategies to put the global recovery back on track. OECD Secretary-General Angel Gurría says green growth can boost productivity, create jobs and help build a stronger, cleaner and fairer world economy.
Why has your street been full of potholes for five years, while the next block along where the mayor lives is resurfaced every year? How come your children are on the waiting list for the best local school, while your teacher neighbour’s were admitted immediately? Who pays the price of corruption?
Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.
The history of economic policymaking has been marked by a succession of “paradigms” defining the goals of economic policy and the instruments used to attain them. OECD Chief Economist Pier Carlo Padoan looks at where we go from here.
Countries can use labour market reforms, more targeted tax and transfer systems and better education policies to simultaneously curb the income gap between rich and poor while boosting economic growth.
The New Year has begun under a shroud of economic uncertainty with flagging growth, growing inequality, persistent unemployment and troubled government finances in most of the world’s largest economies. In his editorial for the 2012 OECD Yearbook, Angel Gurría sets out a vision for the year ahead.