Boosting economic opportunities and wellbeing in Latvia: why housing matters

by Andrés Fuentes Hutfilter, Germany-Latvia Desk, OECD Economics Department Unemployment is still above 8% in Latvia and contributes to poverty, in part because many unemployed have been without a job for an extended period of time. High unemployment and poverty are concentrated in some regions (Figure 1). Housing policies shape residential mobility and can encourage … More Boosting economic opportunities and wellbeing in Latvia: why housing matters

Insight from the OECD Household Dashboard: Why household incomes don’t always track changes in GDP

By Jennifer Ribarsky, Head of Sectoral and National Accounts, OECD Statistics Directorate A key indicator of households’ material conditions, or economic well-being, is per capita household income, after deducting taxes and social contributions and including social benefits. It provides a better gauge than gross domestic product (GDP) of the resources households have at their disposal … More Insight from the OECD Household Dashboard: Why household incomes don’t always track changes in GDP

Raising skills holds the key to higher living standards and well-being in Portugal

by Sonia Araujo, Country Studies Branch, OECD Economics Department For each hour worked Portugal produces about half of the output produced in the United States. A historic legacy of very low education attainment is partly to blame for Portugal’s lower productivity. However, education attainment remains low even for those who have left the education system … More Raising skills holds the key to higher living standards and well-being in Portugal