Why is the gap between rich and poor growing?

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Why is the gap between rich and poor growing?


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OECD Insights are a series of reader-friendly books that use OECD analysis and data to introduce some of todays most pressing social and economic issues. They are written for the non-specialist reader, including interested laypeople, older high-school students and university freshmen. The books use straightforward language, avoid technical terms, and illustrate theory with real-world examples. They also feature statistics drawn from the OECDs unique collection of internationally comparable data. Online, you can find a number of special features to enhance each books educational potential.

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Income Inequality

The Gap between Rich and Poor

Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, its around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.

15 Dec 2015 120 pages English Also available in: Spanish, French

https://doi.org/10.1787/9789264246010-en 9789264250024 (EPUB) 9789264246010 (PDF)

Authors: Brian Keeleyi iOECD

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