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.

Also Available

• OECD report measures human cost of crisis; underlines need to invest in well-being
• Gegen den Trend: Lebensqualität in Deutschland verbessert sich in Krise

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.

Also Available

• OECD report measures human cost of crisis; underlines need to invest in well-being
• Gegen den Trend: Lebensqualität in Deutschland verbessert sich in Krise

We must take better care of the elderly, say OECD and the European Commission

The number of people over 80 will double by 2050 rising from 3.9% of the population to 9.1% in 2050 across OECD countries and from 4.7% to 11.3% across 27 EU members. Estimates are that up to half of them will need help to cope with their daily needs. Yet even today governments are struggling to deliver high-quality care to elderly people with reduced physical and mental abilities, says a new OECD/EC report, A good life in old age? .

Growing risk of inequality and poverty as crisis hits the poor hardest

Income inequality increased by more in the first three years of the crisis to the end of 2010 than it had in the previous twelve years, before factoring in the effect of taxes and transfers on income, according to new OECD data.

Korea must strengthen social cohesion to boost growth and equity, says OECD

Korea should build on its strong economy and well-educated workforce to meet the challenges of a fast-ageing population and to tackle rising income inequality, according to a new OECD report.

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• A Policy Toolkit for Growth and Social Cohesion in Korea

Lack of support for motherhood hurting women’s career prospects, despite gains in education and employment, says OECD

Progress has been made in narrowing the gender gap in pay, especially in employment, over the past decade but much remains to be done in many countries. Women pay a high price for motherhood, with steep childcare costs and taxes deterring many from working more, according to a new OECD report.

Public social spending rising in most OECD countries

Public social spending has increased to 22% of GDP on average across the OECD in 2012, up from 19% in 2007. Rising spending-to-GDP ratios are due to a combination of governments increasing expenditure on social supports as unemployment and income support benefits but also because of GDP stagnating or declining in many countries.

Tackle gender gap to boost growth, says OECD

Breaking down barriers to gender equality in education, employment and entrepreneurship would create new sources of economic growth and help make better use of everyone’s skills, according to a new OECD report.

Discrimination against women persists around the globe hampering development

Social and legal discrimination against women remains a major obstacle to economic development in emerging and developing countries, according to the latest edition of OECD’s Social Institutions and Gender Index (SIGI).

SIGI 2012 Press Release

Social and legal discrimination against women remains a major obstacle to economic development in emerging and developing countries, according to the latest edition of OECD’s Social Institutions and Gender Index (SIGI).