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In It Together

Why Less Inequality Benefits All

by OECD Publishing(other)
In It Together by OECD Publishing
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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.

Organisation for Economic Co-operation and Development; July 2015
336 pages; ISBN 9789264235120
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Title: In It Together
Author: OECD Publishing
 
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ISBNs
9789264232662
9789264235120