Income inequality and poverty rising in most OECD countries

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OECD-Income equality and poverty rising 21 oct 2008.pdf

11kk2xy06-nm/b0bsl79jx59rwtw7lr978psshbdk7tsxlb1w4wlpmfhprmt/OECD-Income_equality_and_poverty_rising_21_oct_2008.pdf

Description

The gap between rich and poor has grown in more than three-quarters of OECD countries

over the past two decades, according to a new OECD report.

OECD’s Growing Unequal? finds that the economic growth of recent decades has benefitted the rich

more than the poor. In some countries, such as Canada, Finland, Germany, Italy, Norway and the

United States, the gap also increased between the rich and the middle-class.

Countries with a wide distribution of income tend to have more widespread income poverty. Also, social

mobility is lower in countries with high inequality, such as Italy, the United Kingdom and the United

States, and higher in the Nordic countries where income is distributed more evenly.

 

original url: 

http://www.oecd.org/document/25/0,3343,en_2649_201185_41530009_1_1_1_1,00.html

Author

Organisation for Economic Co-Operation and Development