This 2016 OECD Economic Survey of the United States examines recent economic developments, policies and prospects. The special chapters cover:
U.S. economy growing steadily but key reforms needed
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
The tax burden on labour income is expressed by the tax wedge, which is a measure of the net tax burden on labour income borne by the employee and the employer.
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The United States is ranked 24th among the 34 OECD member countries in decreasing order with a tax wedge for an average single worker at 31.7% in 2015, compared with the OECD average of 35.9%. The country occupied the same position in 2014
The 2015 edition of National Accounts of OECD Countries, General Government Accounts is an annual publication, dedicated to government finance which is based on the System of National Accounts 2008 (SNA 2008) for all countries except Chile, Japan, Korea and Turkey (SNA 1993). It includes tables showing government aggregates and balances for the production, income and financial accounts as well as detailed tax and social contribution receipts and a breakdown of expenditure of general government by function, according to the harmonised international classification, COFOG. These detailed accounts are available for the general government sector. Data also cover the following sub-sectors, according to availability: central government, state government, local government and social security funds.
The data in this publication are also available on line via www.oecd-ilibrary.org under the title OECD National Accounts Statistics, General Government Accounts (http://dx.doi.org/10.1787/na-gga-data-en and http://dx.doi.org/10.1787/na-gga08-data-en).
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New medical graduates then pursue their clinical specialty training (internship/residency), with the length of the training varying depending on the specialty. Overall, to become a doctor in the US, on average, a student can expect 10 to 16 years of higher education and post-graduate training.
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There are two broad categories of nurses in the United States: licensed practical nurses (LPNs) or licensed vocational nurses (LVNs, and registered nurses (RNs). In addition, graduates from RN programs can pursue further education at the master’s (or doctorate) level to become Advanced Practice Registered Nurses (APRNs).
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In 2012, 26% of students in the United States (U.S.) were low performers in mathematics (OECD average: 23%), 17% were low performers in reading (OECD average: 18%), 18% were low performers in science (OECD average: 18%), and 12% were low performers in all three of these subjects (OECD average: 12%)
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The tax burden in the United States increased by 0.6 percentage points from 25.4% to 26.0% in 2014. The corresponding figures for the OECD average were an increase of 0.2 percentage points from 34.2% to 34.4%