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Boosting growth and reducing informality in Mexico

Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax system, among many, and implementation has started in earnest.




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Youth employment and regional development must rank as top priorities in Tunisia to secure stability and prosperity

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.




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Effects of economic policies on microeconomic stability

This paper shows that household-level economic instability is only very loosely related to macroeconomic volatility. However, the analysis also uncovers that moving to highly competitive policies generally reduces micro-level instability.




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Addressing Growing Inequality through Inclusive Growth: Insights for the US and Beyond

In his speech delivered at the Brookings Institute, OECD Secretary-General Gurría explains that OECD’s numbers tell a clear-cut story of how our traditional economic growth agenda has neglected inclusiveness. Yet to begin to tackle this problem, we have to understand that inequality is not just about money. It touches every area of people’s lives.




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Assessing China's skills gap and inequalities in education

This paper aims at gauging the skills and knowledge gap of tertiary graduates of universities and vocational colleges across China. It also looks at the employment and wage prospects of graduates with different educational backgrounds.




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Enhancing the financing of the real economy and financial stability in the United Kingdom

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply.




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Non-standard contracts, flexibility and employment adjustment: empirical evidence from Russian establishment data

This paper examines the use of two forms of non-standard work contracts in Russia with data from an enterprise survey for the years 2009 to 2011. Non-standard work contracts are less costly and more flexible for employers. Internal adjustment in form of wage cuts or unpaid leave is not covered by the Labour Code and earlier practices to impose such measures are less tolerated.




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Gender equality and economic growth in India: a quantitative framework

This paper studies how public policies, including pro-women interventions, can raise female labour force participation and promote economic growth in India.




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The costs of flexibility-enhancing structural reforms: a literature review

This survey highlights the key results of the empirical literature concerning the costs of flexibility-enhancing reforms in product and labour markets.




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Children paying a high price for growing inequality, OECD How’s Life? report finds

Children are paying a high price for today’s growing inequality, according to a new OECD report.




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Labour market reform for more and better quality jobs in Italy

A well-functioning labour market is indispensable to promote job creation, increase living standards, and develop a cohesive society. In Italy, the various deficiencies of the labour market have resulted in high unemployment, low labour force participation and job-skill mismatch.




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Towards more gender equality in Austria

Gender mainstreaming with the aim of more gender equality ranks high on the agenda of Austrian policy makers.




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Israel’s economy is sound but it urgently needs to address productivity, inequality and poverty

Israel’s economy has strong fundamentals, but the country needs to address productivity, inequality and poverty if it wants to improve well-being and reduce socio-economic divides, according to the OECD’s latest Economic Survey of Israel.




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Tackling poverty and inequality in Greece is crucial to recovery from crisis

Boosting economic growth and investment to create jobs, improve the stability of public finances and provide an effective social safety net are crucial to help Greece recover from the profound social costs of the economic crisis, says the OECD in its latest report.




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Lithuania: Achieving stronger and more inclusive growth will require new reforms

Lithuania has made remarkable economic and social progress, but further policy reforms will be necessary to ensure a more productive and inclusive economy, according to the first-ever OECD Economic Assessment of Lithuania.




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Recovery underway in Denmark, but reforms needed to maintain high living standards and ensure sustainability of social welfare system

Denmark’s economic prospects are improving, but further reforms are needed to maintain the country’s high living standards and ensure the well-being of all citizens, according to a new report from the OECD.




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Reforming benefits in Lithuania to generate a double dividend: Making work pay while better protecting the jobless

Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable have access to employment and providing adequate income support for those that have lost their job are key for making labour markets and the economy more inclusive.




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New ‘nexus’ approach needed to tackle productivity and inequality challenges, says OECD report

Declining productivity growth and rising inequality are two of the biggest obstacles to improved economic performance, according to a new OECD report.




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Canada is adjusting to the end of the commodities boom, but new policies are needed to boost productivity and reduce financial stability risks

The Canadian economy is adjusting to the fall in commodity prices, but additional policies are needed to boost productivity, reduce financial stability risks and make future growth stronger, greener and more inclusive, according to a new OECD report.




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Scaling new heights: achievements and future challenges for productivity convergence in Lithuania

GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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The effects of reform scenarios for unemployment benefits and social assistance on financial incentives to work and poverty in Lithuania

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.




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Tackling the three main challenges in Costa Rica: fiscal reform, reverting the slowdown in productivity and reducing inequality

Costa Rica’s economic, social and environmental achievements are impressive. It has succeeded in combining rising living standards, virtually universal health care, pension and primary education systems with sustainable use of natural resources.




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Scaling new heights: achievements and future challenges for productivity convergence in Lithuania

GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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The effects of reform scenarios for unemployment benefits and social assistance on financial incentives to work and poverty in Lithuania

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.




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Pump-priming productivity through reform: the case of Lithuania

In the past two decades, the income level in Lithuania has steadily risen toward that of OECD countries. Between 1995 and 2013, GDP per capita rose from one third to two thirds of the OECD average. Productivity catch-up was critical to this process, aided by enhanced integration into the global economy which enabled the adoption of more advanced production technologies from abroad.




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Labour mobility in the European Union: a need for more recognition of foreign qualifications

Labour market mobility in the European Union is increasing, but it remains too low to provide sufficient adjustment in the face of diverging labour market developments.




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Balancing inclusiveness, work incentives and sustainability in Denmark

The generous Danish welfare state relies on a high degree of labour force participation both for financing and in order to ensure social cohesion.




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Balancing inclusiveness, work incentives and sustainability in Denmark

The generous Danish welfare state relies on a high degree of labour force participation both for financing and in order to ensure social cohesion.




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Can reforms promoting growth increase financial fragility? An empirical assessment

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.




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Can reforms promoting growth increase financial fragility? An empirical assessment

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.




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Inequality in Denmark through the Looking Glass

This paper delivers a broad assessment of income inequality in Denmark.




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Inequality in Denmark through the Looking Glass

This paper delivers a broad assessment of income inequality in Denmark.




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The effect of the size and mix of public spending on growth and inequality

The effect of the size and mix of public spending on growth and inequality




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Effects of flexibility-enhancing reforms on employment transitions

Do flexibility-enhancing reforms imply more employment instability? Using individual-level data from harmonised household surveys for 26 advanced countries, this paper analyses the effects of product and labour market reforms on transitions in and out of employment.




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Enhancing Economic Flexibility: What Is in It for Workers?

Reforms that boost growth by enhancing economic flexibility often meet strong opposition related to concerns that they may imply adverse consequences for categories of workers. This study investigates how making product or labour market regulation more flexible changes workers’ risks of moving out of employment and jobless people’s chances of becoming employed.




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Does growth lead to inequality? It depends.

Widespread increases in inequality over the past three decades have raised the question of whether growth in itself is a driver of income inequality.




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Conquering utopia anew – Income inequality in Sweden

Equality, a long-standing hallmark of Swedish society, carries multiple benefits in terms of economic performance, trust, opportunity and well-being.




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Sweden is a champion of gender equality, but parity is not reached yet

Sweden ranks among the OECD’s frontrunners in terms of gender equality. Women have a high employment rate, outperform men in education and are well represented in government and parliament.




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Finance and productivity: A literature review

This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity.




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Finance and productivity: A literature review

This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity.




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Deconstructing income inequality in Costa Rica: an income source decomposition approach

Despite an improvement in overall macroeconomic performance in Costa Rica, income inequality has risen and is currently at its maximum historical value.




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Modest pick-up in global growth but risks and vulnerabilities could derail recovery

Global economic growth is expected to pick up modestly next year to around 3.6 % from a projected 3.3% in 2017 but risks of rising protectionism, financial vulnerabilities, potential volatility from divergent interest rate paths and disconnects between market valuations and real activity hang over the outlook, according to the OECD.




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Does everybody enjoy Pura Vida? Decomposing income inequality in Costa Rica

Despite strong economic growth, Costa Rica’s income inequality has increased in the past decade, in stark contrast with other Latin American countries.




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

Pensions have been successful in reducing old-age poverty well below the population-wide average, and below the OECD average. At present, all pension recipients – and this includes around 90% of those aged 65 and above – receive at least the minimum wage, which is more than 5 times as much as the poverty line of BRL 170 (equivalent to USD 55).




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Enhancing financial stability amid slowing growth in China

Growth in China has been slowing gradually, but GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future.




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Reforms for more and better quality jobs in Spain

The Spanish economy is growing strongly, but there is a risk that many people are being left behind.




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Fighting gender inequality in Sweden

Sweden ranks among the best OECD countries in terms of gender equality.




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Enhancing employability and skills to meet labour market needs in Italy

The various deficiencies of the labour market and the educational system have resulted in high unemployment, low labour force participation, low skills levels and high skill mismatch.