OECD report measures human cost of crisis; underlines need to invest in well-being

The global economic crisis has had a profound impact on people’s well-being, reaching far beyond the loss of jobs and income, and affecting citizens’ satisfaction with their lives and their trust in governments, according to a new OECD report.

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• Gegen den Trend: Lebensqualität in Deutschland verbessert sich in Krise

Shaping the post-crisis global economy

There is no simple remedy for fixing the post-crisis global economy. But three key ingredients for sustainable long-term growth are jobs, equality and trust, said OECD Secretary-General in Washington.

Recovering Trust as a Key to Effective Public Policy

Public trust is the cornerstone of effective governance, the main ingredient to promote economic growth and social progress. Like never before, our citizens have doubts about their government’s capacities to make the right decisions. Therefore, we need to take the necessary measures to recover that confidence, said OECD Secretary-General.

Tackling Inequalities in Development Policies

Development aid policies have helped developing countries reduce extreme poverty, strengthen institutional frameworks and develop a middle class. But there are still 2.4 billion people living in poverty and inequalities in many countries are still at record levels, and in some cases rising, said OECD Secretary-General.

OECD Newsletter on Employment, Migration, Health and Social Affairs

OECD Newsletter on Employment, Migration, Health and Social Affairs - Autumn 2013

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Transitions in and out of unemployment among young people in the Irish recession

Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.

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Responding to key well-being challenges in Austria

Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.

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• Economic Survey of Austria 2013

Austria’s well-being goes beyond GDP

Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty.

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• Economic Survey of Austria 2013

Labour market policies to promote growth and social cohesion in Korea

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.

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• Economic Survey of Korea 2012

Belgium: enhancing the cost efficiency and flexibility of the health sector to adjust to population ageing

Belgium has a good record in delivering accessible care, but adaptation to population ageing will be complicated by the fragmentation of responsibilities in the healthcare system and a strong reliance on government regulations.

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• Economic Survey of Belgium 2013