The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from the rest of society. Lower income people have been prevented from realising their human capital potential, which is bad for the economy as a whole. This book highlights the key areas where inequalities are created and where new policies are required, including: the consequences of current consolidation policies; structural labour market changes with rising non-standard work and job polarization; persisting gender gaps; the challenge of high wealth concentration, and the role for redistribution policies.
OECD unemployment rate nudges down to 6.9% in March 2015
Composite leading indicators point to stable growth momentum in the OECD area
OECD annual inflation stable at 0.6% in March 2015
The world is still repairing the damage done to employment prospects and social equality by the crisis. Governments are trying to create not just more jobs, but better jobs. A new OECD framework helps them to define what job quality means and to measure whether their policies are succeeding.
OECD employment rate increases to 65.9% in fourth quarter of 2014, 0.6 percentage point higher than one year before
The special Conference on “W(h)ither the SNA?” is jointly organised by the International Association for Research in Income and Wealth (IARIW) and the OECD.
OECD unemployment rate falls to 7.0% in February 2015
Composite leading indicators point to strengthening growth momentum in the euro area
Private consumption driving overall OECD GDP growth in the fourth quarter of 2014