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To strengthen social cohesion, a top government priority, it is essential to address the labour market roots of inequality by breaking down dualism to reduce the share of non-regular workers and to boost the employment ratio toward the government’s 70% target.
Personal income tax has risen in 25 out of 34 OECD countries over the past three years, as countries reduce the value of tax-free allowances and tax credits and subject higher proportions of earnings to tax, according to new data in the annual Taxing Wages publication
This edition of Society at a Glance addresses the growing demand for quantitative evidence on social well-being and its trends with a special chapter on the social consequences of the global crisis.
The OECD/Korea Policy Centre fosters the exchange of technical information and policy experiences relating to the Asia Pacific region in areas such as health statistics, pension reforms and social policy and expenditure.
Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.
The rapid expansion of education in Korea is exceptional and has played a key role in its economic
development. Sustaining Korea’s growth potential in the face of demographic headwinds requires further
improving the education system to boost productivity growth.
Korea should build on its strong economy and well-educated workforce to meet the challenges of a fast-ageing population and to tackle rising income inequality, according to a new OECD report.
Korea is well known for its successful transition from hardship to prosperity and technological prowess. This amazing transformation and strong economic performance have allowed the country to make important progress also in the social sphere. However, like most of the members of the OECD, Korea still faces significant challenges to building an equitable and inclusive society.
Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.