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In It Together: Why Less Inequality Benefits All

Author: Organisation for Economic Co-operation and Development.
Publisher: Paris : OECD Publishing, 2015.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This 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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
In it together : why less inequality benefits all.
Paris, [France] : OECD, ©2015
332 pages
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Organisation for Economic Co-operation and Development.
ISBN: 9789264235120 9264235124 9789264232662 9264232664
OCLC Number: 911609659
Description: 1 online resource (300 pages)
Contents: Foreword --
Acronyms and abbreviations --
Executive summary --
Overview of inequality trends, key findings and policy directions --
The impact of income inequality on economic growth --
Income inequalities during the crisis and fiscal consolidation --
Non-standard work, job polarisation and inequality --
Women, work and income inequality --
How does the concentration of household wealth compare across countries? --
Inequality and fiscal redistribution in emerging economies.
Responsibility: Organisation for Economic Co-operation and Development.

Abstract:

The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This 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: the consequences of current consolidation policies; structural labour market changes with rising non-standard work and job polarization; persisting gender gaps; the challenge of high wealth concentration, and the role for redistribution policies.

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