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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.
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.
Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies. The richest 10 per cent of the population in the OECD now earn 9.6 times the income of the poorest 10 per cent, up from 7:1 in the 1980s and 9:1 in the 2000s, according to a new OECD report.
Today the OECD unveils its Better Life Index (BLI) in Italian. The BLI is an interactive online platform that offers important insights into how people perceive their own well-being and quality of life. For the first time, Italians will be able to access this instrument in their own language and find out how Italy compares to 35 other countries around the world across 11 dimensions of well-being.
The recent riots in Baltimore following the death of Freddy Gray bring a tragic focus, once again, on inequality. Maryland’s largest city, Baltimore is a perfect laboratory to study it, thanks in part to the superb comparative statistics the city keeps. OECD Insights Blog.
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Three out of four OECD countries use minimum wages, and supporting low-wage earners is widely seen as important for promoting inclusive growth. This policy brief considers three aspects that are central for a balanced assessment of policy choices: The cost of employing minimum-wage workers, their take-home pay, and the number of workers affected.
Blog: Anecdotal evidence suggests there are loads of grumpy old men and women around. A new, evidence-based report from the OECD offers some clues as to why this should be.