There is widespread concern that economic growth has not been fairly shared, and that the economic crisis has only widened the gap between rich and poor.
The OECD examines the trends and patterns in inequality and poverty for OECD and emerging countries. Its work analyses the multiple causes linked to growing inequalities, such as globalisation, technological change and changes in redistribution and policy fashion. It also assesses the effectiveness of social and labour market policies in tackling poverty and high inequalities.
KEY INFORMATION ON INCOME INEQUALITY AND POVERTY
In October 2015, the OECD Launched the OECD Centre for Opportunity and Equality, a new platform for promoting and conducting policy-oriented research on the trends, causes and consequences of inequalities in society and the economy, and a forum to discuss how policies can best address such inequalities.
The long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from the rest of society. Lower income people have been prevented from realising their human capital potential, which is bad for the economy as a whole.This book highlights the key areas where inequalities are created and where new policies are required, including persisting gender gaps; the challenge of high wealth concentration, and the role for redistribution policies, among others.
Data on income inequality and poverty
OECD Income Distribution Database
To benchmark and monitor income inequality and poverty across countries, the OECD relies on a dedicated statistical database: the OECD Income Distribution Database. Due to the increasing importance of income inequality and poverty issues in policy discussion, the database is now annually updated.
"Compare Your Income'' web tool
How much do you earn compared with others in your country? Do you feel rich, poor, or just average? Use this tool and found out how your income really compares.
See here for a full list of our related publications and other material on income distribution and poverty.
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