Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it’s around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.
The recent mental health reform is an important step towards better services for people with mental ill-health, but Australia needs to do more to help people with mild to moderate mental health issues at and into work, according to a new OECD report.
The report provides a comprehensive picture on the territorial differences in many well-being dimensions across the 31 Mexican states and the Federal District. It represents a sound base for state and local policy makers, political leaders and citizens to better understand people’s living conditions, gauge progress in various aspects of economy and society and use these indicators to improve the design and implementation of policies. It is a part of the “How’s Life in Your Region?” work produced by the OECD Public Governance and Territorial Development Directorate at the behest of the Regional Development Policy Committee.
Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.
Improvements in health, access to basic services and housing have contributed most to raising standards of living of Mexicans over the past 15 years but further advances are needed to bring well-being indicators closer to the average of OECD countries, according to a new report.
Improving people’s well-being – not just boosting economic growth - should be a central objective for policy-makers, says the OECD.
OECD countries are facing an unprecedented refugee crisis and the situation requires a comprehensive and co-ordinated international response to address the immediate needs of asylum seekers and the longer-term challenge of helping them integrate. This is the main message of two new OECD documents, the 2015 International Migration Outlook and a Policy Brief on the Refugee Crisis.
Latvia should step up its efforts to improve the employment prospects of young people by continuing to reform its vocational education system and pursuing the commitments made as part of the Youth Guarantee to further reduce the share of young people under 30 who are not in employment, education or training.
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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.