By Carlotta Balestra, Policy Analyst, OECD Statistics Directorate Looking at poverty and vulnerability through an assets lens Households’ economic well-being is usually measured by income. But what if there is an interruption in the flow of income? Or an unexpected expense? Such events highlight the importance of wealth accumulation to sustain people’s economic well-being. New … More Statistical Insights: New evidence shows that almost 40% of people are economically vulnerable in the OECD
By Mikkel Hermansen, Economist, OECD Economics Department In many advanced countries, the share of citiziens having reached post-retirement age is growing fast. Since elderly rely for a good part on a public pension scheme for income support, population ageing tends to result in more income redistribution, in particular in the form cash transfers. However, insofar … More How does ageing affect income redistribution?
By Orsetta Causa, Senior Economist, OECD Economics department Tax and transfer systems are fundamental pillars of an inclusive growth policy agenda that aims at sharing the benefits of growth more equally and securing decent living standards for those in most need. A new OECD report by Causa and Hermansen (2017) (“Income redistribution through taxes and … More Income redistribution through taxes and transfers across OECD countries: A focus on the bottom 40 per cent
By Orsetta Causa and Mikkel Hermansen, OECD Economics department Many OECD countries have been facing a prolonged period of low growth and stagnating income of the poorest. This challenges governments’ fiscal redistribution, all the more so in a context where new forms of work are calling into question the effectiveness of traditional social safety nets … More Income redistribution through taxes and transfers across OECD countries
by Patrice Ollivaud, Economist, Switzerland Desk, OECD Economics Department Switzerland is among the leaders in many global rankings including on R&D, innovation, infrastructure, universities and competitiveness. It is well integrated in global value chains, specialised in some high-value-added activities and home of many large multinationals. These factors should contribute to high, and rising, labour productivity. … More Switzerland’s productivity puzzle: Being a leader and an underperformer
by Fabienne Fortanier, Head of Trade Statistics Section, OECD Statistics Directorate To properly understand global trade patterns we need high quality, consistent and harmonised statistics on international merchandise trade. Currently available statistics, however, fall short of this standard. In theory the exports of country A to country B should mirror the imports of country B … More Statistical Insights: Merchandise trade statistics without asymmetries
By Philip Hemmings, OECD Economics Department In its latest Economic Survey for Norway , the OECD underscores the importance of policy facilitating transition away from oil-related activities and helping businesses seize opportunities from digitalisation and globalisation, through providing i) macroeconomic and financial stability, and ii) improvements to structural-policy settings. It also recommends making public expenditure … More Norway’s economy, a need to ensure policies can cope with upcoming challenges
By Filippo Gori and Théodore Renault, OECD Economics Department The global economy is now growing in sync at his fastest pace in years, but financial vulnerabilities create challenges for medium-term growth. Private indebtedness, including of households, remains a source of concern, as set out in the special chapter of our latest Economic Outlook on “Resilience … More High household debt: a challenge for medium-term growth?
by Dan Andrews, Müge Adalet McGowan and Valentine Millot, Productivity Workstream, OECD Economics Department Weak productivity growth is a major problem afflicting our societies. It curbs growth in incomes and endangers the sustainability of our social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms … More Zombie firms and weak productivity: what role for policy?
By Caroline Klein, Estonia Desk, OECD Economics Department and Olena Havrylchyk, Professor of Economics at the University of Paris 1 Panthéon Sorbonne Pioneers of the Estonian Fintech need a fair level playing field. Estonia, at the forefront of alternative finance should seize the moment to set framework conditions right. Estonia is a frontrunner in alternative … More Getting the most out of Fintech in Estonia