Less Income Inequality and More Growth - Are They Compatible? Part 5. Poverty in OECD Countries

Less Income Inequality and More Growth - Are They Compatible? Part 5. Poverty in OECD Countries
Author: Mauro Pisu
Publisher:
Total Pages: 35
Release: 2012
Genre: Economics
ISBN:

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Poverty is an important policy issue in OECD countries and the recent crisis has made it even more pressing. This paper highlights poverty rate differences across countries and reviews the various policies to tackle it. The OECD-wide poverty rate has drifted up, reaching around 11% in the late 2000s. In the majority of OECD countries, children suffer from a higher poverty rate than working-age people and poverty is more wide-spread among women than men. Albeit boosting employment is essential to reduce poverty rates durably, work alone does not suffice to eliminate it as in-work poverty is a problem in many countries The redistribution system is effective in reducing poverty. Countries achieving a greater reduction in market-income poverty tend to redistribute more towards people at the bottom of the income distribution. Policies aiming at facilitating paid work along with employment-conditional cash transfers to top-up the income of low-wage workers can offer effective ways to combat poverty. Child poverty is also a major concern because of its adverse long-term effects. Countries with low levels of child poverty combine low levels of joblessness among parents with effective redistribution policies towards children. This suggests these two policy approaches are complementary and relying exclusively on only one of them is likely to be insufficient to reduce poverty among children significantly.

Growing Unequal? Income Distribution and Poverty in OECD Countries

Growing Unequal? Income Distribution and Poverty in OECD Countries
Author: OECD
Publisher: OECD Publishing
Total Pages: 312
Release: 2008-10-21
Genre:
ISBN: 9264044191

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This report provides evidence of a fairly generalised increase in income inequality over the past two decades across OECD countries, but the timing, intensity and causes of the increase differ from what is typically suggested in the media.

Less Income Inequality and More Growth - Are They Compatible?: Part 3. Income Redistribution Via Taxes and Transfers Across OECD Countries

Less Income Inequality and More Growth - Are They Compatible?: Part 3. Income Redistribution Via Taxes and Transfers Across OECD Countries
Author: Isabelle Joumard
Publisher:
Total Pages: 68
Release: 2012
Genre: Economics
ISBN:

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Taxes and transfers reduce inequality in disposable income relative to market income. The effect varies, however, across OECD countries. The redistributive impact of taxes and transfers depends on the size, mix and the progressivity of each component. Some countries with a relatively small tax and welfare system (e.g. Australia) achieve the same redistributive impact as countries characterised by much higher taxes and transfers (e.g. Germany) because they rely more on income taxes, which are more progressive than other taxes, and on means-tested cash transfers. This paper provides an assessment of the redistributive effect of the main taxes and cash transfers based on a set of policy indicators and a literature review. It also identifies empirically four groups of countries with tax and transfer systems that share broadly similar features. The paper then assesses potential trade-offs and complementarities between economic growth and income redistribution objectives associated with various tax and transfer reform options.

Less Income Inequality and More Growth - Are They Compatible? Part 6. The Distribution of Wealth

Less Income Inequality and More Growth - Are They Compatible? Part 6. The Distribution of Wealth
Author: Kaja Bonesmo Fredriksen
Publisher:
Total Pages: 23
Release: 2012
Genre: Economics
ISBN:

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The wealth distribution within OECD countries is very concentrated and much more so than the income distribution. Wealth dispersion is especially high in the United States and Sweden. The latter illustrates that the most wealth unequal countries are not necessarily the most income unequal. Wealth inequality came down since the beginning of the 20th century until the 1970s, but has since been on the rise. Major explanations for this development are soaring financial markets in the aftermath of financial market deregulation in the 1970s, a lighter taxation of top incomes and wealth, which has favoured the accumulation of wealth, and the rising importance of inheritances and inter vivos gifts.

Income Inequality in OECD Countries

Income Inequality in OECD Countries
Author: Peter Hoeller
Publisher: World Scientific
Total Pages: 236
Release: 2014
Genre: Business & Economics
ISBN: 9814518522

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This book provides a comprehensive review of income inequality issues in the OECD in a cross-country setting. It presents a wealth of data and analysis on the formation of inequality and identifies groups of countries that share similar inequality patterns. It also reviews developments at the extremes of the income distribution, namely poverty, top incomes as well as the distribution of wealth. An important contribution of the book is the careful examination of the determinants of the income distribution, such as globalisation and technical progress as well as the effect of a wide range of economic policies that shape the distribution of income. These include in particular labour market regulations, household taxes and transfers as well as in-kind public services. It also sheds light on an under-researched issue: do policies aimed at boosting economic growth raise or reduce income inequality

In It Together: Why Less Inequality Benefits All

In It Together: Why Less Inequality Benefits All
Author: OECD
Publisher: OECD Publishing
Total Pages: 336
Release: 2015-05-21
Genre:
ISBN: 9264235124

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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 polarisation, persisting gender gaps...

Less Income Inequality and More Growth - Are They Compatible? Part 4. Top Incomes

Less Income Inequality and More Growth - Are They Compatible? Part 4. Top Incomes
Author: Peter Hoeller
Publisher:
Total Pages: 19
Release: 2012
Genre: Economics
ISBN:

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Over the past decades, top incomes have soared, especially in the English-speaking countries. Despite a considerable amount of research on top income developments, there is still substantial disagreement about the causes for their rapid increase. Potential explanations include changes in taxation, technical progress, globalisation and changes in way the remuneration of top income recipients is set.