Inequality And Poverty
Many people worry that the benefits of economic growth have not been equally distributed, and that the current financial crisis has further worsened the gap between the rich and the poor. The OECD studies the patterns and trends in poverty and inequality for both developed and developing nations. Its research examines the various factors that contribute to rising inequality, including globalization, technological advancement, and changes in redistribution laws. Additionally, it evaluates how well social and labor market policies work to combat extreme inequality and poverty. Understanding Social Mobility Few options exist for people from underprivileged backgrounds to move up the socioeconomic ladder. In OECD countries, children who experience the greatest socioeconomic disadvantage as youngsters can expect to earn up to 20% less as adults than those who have more favorable childhoods. For kids from low-income homes to get close to the average income in their country across the OE...