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Unit labour costs (ULCs) in OECD countries decreased by 0.1% in the first quarter of 2013, compared with a rise of 1.1% in the fourth quarter of 2012. This was driven by lower growth of labour compensation per unit of labour input (0.3% compared with 0.9% in the previous quarter), and increased labour productivity growth (0.4% compared with minus 0.2%).
Portugal’s enforcement of its foreign bribery laws has been extremely low. Not a single prosecution has resulted from 15 allegations of Portuguese companies bribing foreign officials in high-risk countries.
The current Polish framework for fighting foreign bribery is still inadequate to fully meet foreign bribery risks resulting from Poland’s growing economy, says a new OECD report.
Public spending on health and long-term care has been rising faster than GDP in the OECD area for several decades. New OECD research suggests that the upward trend now also extends to major emerging economies - Brazil, Russia, India, Indonesia, China and South Africa.
The 2013 edition of the OECD’s annual Education at a Glance will be published at 11.00 a.m. Paris time (09.00 GMT) on Tuesday 25 June 2013.
The OECD has presented to G8 leaders the steps needed to create a fairer and more transparent global tax system.
The number of people over 80 will double by 2050 rising from 3.9% of the population to 9.1% in 2050 across OECD countries and from 4.7% to 11.3% across 27 EU members. Estimates are that up to half of them will need help to cope with their daily needs. Yet even today governments are struggling to deliver high-quality care to elderly people with reduced physical and mental abilities, says a new OECD/EC report, A good life in old age? .
Well-functioning judicial systems play a crucial role in determining economic performance – notably by guaranteeing the security of property rights and the enforcement of contracts – but not all countries’ judiciaries operate at the same level of efficiency.
Migration has started to pick up again, driven largely by people moving within the European Union, after three years of continuous decline during the crisis. But the employment prospects for immigrants have worsened, with around one in two unemployed immigrants in Europe still looking for work after more than 12 months, according to a new OECD report.
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.7% in the first quarter of 2013 compared with 0.6% in the previous quarter, according to preliminary estimates. However, the aggregate G20 GDP growth rate continues to mask diverging patterns across the world’s largest economies.