The shares of top income recipients in total pre-tax income have increased in OECD countries in the past three decades, particularly in most of the English-speaking countries but also in some Nordic (from low levels) and Southern European countries. Today, the richest one percent receives between 7% of all pre-tax income in Denmark and the Netherlands up to almost 20% in the United States.
The shares of the richest 1% in total pre-tax income have increased in most OECD countries over the past three decades. This rise is the result of the top 1% capturing a disproportionate share of overall income growth over that timeframe: up to 37% in Canada and 47% in the United States, according to new OECD analysis.
Income inequality and social divisions could worsen and become entrenched unless governments act quickly to boost support for the most vulnerable in society, according to a new OECD report.
This edition of Society at a Glance addresses the growing demand for quantitative evidence on social well-being and its trends with a special chapter on the social consequences of the global crisis.
Development aid policies have helped developing countries reduce extreme poverty, strengthen institutional frameworks and develop a middle class. But there are still 2.4 billion people living in poverty and inequalities in many countries are still at record levels, and in some cases rising, said OECD Secretary-General.
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Why Should We Care about High & Growing Inequality? How Unequal Are OECD Societies? Has Gap between Rich & Poor Widened? Possible Culprits in Growing Divide - What OECD Evidence Tells Us about Main Culprits - Importance of Tax/Benefit Systems - What Was the Impact of the Recent Great Recession? What Can Policies Do to Reduce Too-high Inequality?
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.
The aim of this meeting it to reinforce the collaborative relationship between the OECD and data providers in member countries, and to identify steps that could be taken to improve the quality and comparability of the data collected, and to extend its coverage to additional aspects.
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.
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.