Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies. The richest 10 per cent of the population in the OECD now earn 9.6 times the income of the poorest 10 per cent, up from 7:1 in the 1980s and 9:1 in the 2000s, according to a new OECD report.
OECD unemployment rate nudges down to 6.9% in March 2015
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Three out of four OECD countries use minimum wages, and supporting low-wage earners is widely seen as important for promoting inclusive growth. This policy brief considers three aspects that are central for a balanced assessment of policy choices: The cost of employing minimum-wage workers, their take-home pay, and the number of workers affected.
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
OECD unemployment rate falls to 7.0% in February 2015
Encouraging more people to work later in life would help Poland meet the challenges of a rapidly ageing population. The percentage of old to younger groups (defined as share of over 65s to people aged 20-64) is projected to nearly triple from 22% in 2012 to 63% in 2050, according to a new OECD report.
OECD Unit Labour Costs rise by 0.5% in the fourth quarter of 2014
Tunisia has made great strides since 2011 towards greater inclusivity and fairness in its political system, based on the rule of law, transparency and good governance.
OECD unemployment rate at 7.0% in January 2015