Around two thirds of the elderly don’t have a pension and the benefit of the minimum old-age income support is below the national poverty line. An in-depth reform of the pension system would reduce old-age poverty and inequality.
With India’s low life expectancy largely reflecting deaths from preventable diseases, the most significant gains in health would come from population-wide preventive measures.
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CWBM CO3.4-XLS: Satisfaction with school life
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CWBM CO3.4-PDF: Satisfaction with school life
English, Excel, 110kb
CWBM CO1.10-XLS: Life satisfaction among children
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CWBM CO1.10-PDF: Life satisfaction among children
The report examines the distributional effects of value-added tax (VAT) and excise tax systems in 20 OECD countries, and investigates the effectiveness of reduced VAT rates as a redistributional tool.
Latin America’s GDP growth rate has slowed down in 2014, dropping below 1.5%. This is the first time in a decade that the region grows less than the OECD average, according to the OECD Development Centre, the Commission for Latin American and the Caribbean and the development bank for Latin America. Given the projections in the past weeks, any recovery in 2015 is likely to be challenging.
Reducing income inequality would boost economic growth, according to new OECD analysis. This work finds that countries with lower income inequality grow faster than those with higher inequality.
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Widespread increases in income inequality have raised concerns about their potential impact on our societies and economies. New OECD research shows that when income inequality rises, economic growth falls. One reason is that poorer members of society are less able to invest in their education. Tackling inequality can make our societies fairer and our economies stronger.