Read about our groundbreaking report on inequality - In it Together: Why less inequality benefits all - as well as our recent work on tackling harmful alcohol use. You can also find here all our work on employment, migration, health and social policy over the last few months, as well as highlights from this summer's OECD Forum which addressed the theme "Investing in the future: people, planet, prosperity”.
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Evidence from the OECD Wealth Distribution Database for 18 OECD countries highlights large differences in wealth holdings across OECD countries. Moreover, wealth inequality is much larger than income inequality due to financial assets that are very unequally distributed and mainly accrue to top income and top wealth households.
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To achieve greater gender equality in employment and more inclusive growth, Japan needs to change the workplace culture and ensure that the tax and social security systems do not reduce work incentives for second earners in households.
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The OECD programme on local economic and employment development (LEED) has advised governments and communities since 1982 on how to respond to economic change and tackle complex problems in a fast-changing world. Its mission is to contribute to the creation of more and better quality jobs through more effective policy implementation, innovative practices, stronger capacities and integrated strategies at the local level.
Gender inequality is one of the most primitive and oldest forms of inequality. Sadly, it is still very much a reality in most parts of the world. In many countries women do not have equal access to education, healthcare, safety, work or political decision-making.
Of the abundant resources given to mankind, what is the most underused resource of our time? Without a doubt, women!
In 2014, the US economy added more jobs than in any year since the 1990s. In fact, this longest streak of job growth on record has persisted into 2015. Inflation-adjusted wages are up by 1.4% annually over the last two years, more than twice the pace of the last recovery. But this is still not enough to make up for decades of subpar gains for middle-class families–a challenge shared by many other OECD economies.
Consistent careers are a hallmark of a successful retirement. However, too often, workers are called away from employment to care for loved ones, both young and old. Without adequate government or employer protections, workers risk losing valuable years of prime income earning and retirement contribution potential, while being paid nothing to take care of sick or disabled family.
The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from the rest of society. Lower income people have been prevented from realising their human capital potential, which is bad for the economy as a whole. This book highlights the key areas where inequalities are created and where new policies are required, including: the consequences of current consolidation policies; structural labour market changes with rising non-standard work and job polarization; persisting gender gaps; the challenge of high wealth concentration, and the role for redistribution policies.
For years now we have been underlining the toll that inequality takes on people’s lives. And I am proud of the contribution that the OECD has made in recent decades, putting inequality at the heart of the political and economic debate. This report proposes concrete policy solutions to promote opportunities for more inclusive growth.