A balancing act: Why inequality increased in the Nordics

Mr. Jon Pareliussen, Economist, Sweden/Finland desk, Economics Department The Nordics are rightly renowned for being inclusive societies with low inequality compared to other OECD countries. However, some of the largest inequality increases over the past few decades took place in Sweden, Finland and Denmark. A newly released article  building on previous OECD work discusses how market forces, … More A balancing act: Why inequality increased in the Nordics

The key to breaking cycle of poverty in Israel lies in education

By Gabriel Machlica and Claude Giorno, Israel Desk, Economics Department Inequality and relative poverty in Israel remain high, particularly among Arab-Israelis and Haredim (Ultra-Orthodox). Israel’s social policy follows a “welfare-to-work” approach to tackle poverty in order to avoid measures that may harm work incentives among the Haredi, who value the time dedicated to religious studies, … More The key to breaking cycle of poverty in Israel lies in education

South Africa: it is time to rekindle the economy

By Falilou Fall, Head of South Africa Desk, OECD Economics Department Growth is recovering but inequality remains persistent. Growth is projected to reach 1.5% in 2018 after many years below one percent or negative in per capita terms. Low growth and high unemployment have adversely affected the well-being of South Africans. Since 2010, inequality, measured … More South Africa: it is time to rekindle the economy

Mind the gaps: boosting productivity and reducing inequality in Chile

Antoine Goujard and Paula Garda, OECD Economics Department, Chile/Colombia desk Chile has been one of the fastest-growing economies in the OECD in recent decades. Sound macroeconomic management, bold structural reforms, such as trade and investment liberalisation, and buoyant natural-resource sectors, supported fast convergence in living standards (Panel A). However, progress has slowed: declining productivity gains … More Mind the gaps: boosting productivity and reducing inequality in Chile

The G20’s Enhanced Structural Reform Agenda: Some progress, but more reforms needed

by Agnès Cavaciuti, Tomasz Kozluk, Dorothée Rouzet, Nicolas Ruiz and William Witheridge, OECD Economics Department As G20 Finance Ministers and Central Bank Governors meet in Washington, there are signs that the growth prospects for their economies are improving. Recent indicators point to rising business confidence and industrial production in many countries, and fiscal initiatives in … More The G20’s Enhanced Structural Reform Agenda: Some progress, but more reforms needed

Reforming Brazil’s old-age pension system to ensure its sustainability

By Jens Arnold, Head of Brazil Desk at the OECD Economics Department and Hervé Boulhol, Head of Pensions and Population Ageing at the OECD’s Directorate for Employment, Labour and Social Affairs Pensions have been successful in reducing old-age poverty well below the population-wide average, and below the OECD average (Figure 1). At present, all pension … More Reforming Brazil’s old-age pension system to ensure its sustainability

Mexico’s reforms are paying off, but there is much left to do

By Sean Dougherty, Mabel Gabriel, Patrick Lenain, and Julien Reynaud, OECD Economics Department The overall economic and social situation has improved in recent years, but important challenges remain, such as high levels of poverty, extensive informality, low female participation rates, insufficient educational achievement, financial exclusion, weak rule of law, and persistent levels of corruption and … More Mexico’s reforms are paying off, but there is much left to do

Structural reforms can be inclusive; it all depends on the details

By Orsetta Causa,  Mikkel Hermansen and Nicolas Ruiz, Structural Surveillance Division, OECD Economics Department Structural reforms are regularly assessed based on their ability to boost GDP per capita. This emphasis relies on the assumption that higher GDP per capita is systematically associated with rising living standards for the vast majority of citizens. This view is … More Structural reforms can be inclusive; it all depends on the details