It is hardly surprising that rising inequality has translated into growing political disaffection, anti-market sentiment and disenchantment with globalisation. In such a context, we desperately need to take action to promote inclusive growth and restore public confidence in the power of policymakers to improve people’s lives.
We are faced with a paradox: never before in the course of human history have we enjoyed better standards of living, working and health as we do in this present period of globalisation–and still many people turn against globalisation. Why?
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Recent debates of Basic Income proposals shine a useful spotlight on the challenges that traditional forms of income support are increasingly facing, and highlight gaps in social provisions that largely depend on income or employment status. Reforms towards more universal income support would need to be introduced in stages, requiring a parallel debate on how to finance a more equal sharing of the benefits of economic growth.
Our ability to live longer, healthier and more productive lives is one of our greatest accomplishments. Here in the US, demographers predict that more than half the children born today will live to at least 100. And, according to some, the first person to live to the age of 150 has already been born.
Finland has taken the decision to test a basic income for unemployed job seekers from the beginning of 2017. The trial will run for two years. The main goal behind the experiment is to see if the mechanism of a basic income (unconditional financial support paid regularly to customers) will increase the incentive for recipients to take up and stay in employment.
People of my generation grew up with a set of intuitive assumptions about human progress: hatred and prejudice would give way to reason, democracy would displace authoritarianism, and the economic good times would roll and roll.
The Pension Policy Notes summarise the main features of countries’ pension systems and the policy challenges each of them faces and the Pension Policy Reviews provide an in-depth analysis of the different components of countries’ pension systems.
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”.