The Friday Fish

This week’s haul from behind the headlines
OECD Observer

No 25: How sustainable is wealth inequality?; Better teachers for better lives; Ageing with dementia; Changing technology, skills and jobs; Germany versus bribery

How sustainable is wealth inequality?

Wealth inequality is twice the size of income inequality. The richest 10% own 52% of all wealth in 28 OECD countries. About a quarter of households face liabilities greater than their assets–effectively having negative wealth. What’s more, 36% of people in OECD countries would be unable to deal with a sudden loss of income for more than 3 months.

Better teachers for better lives

What could be as valuable and life-enhancing as a great teacher? Good policies, such as training and fairer allocation among schools, can boost their number and worth, this OECD report shows.

Ageing with dementia

19 million people live with dementia today in the OECD area. Improving accessibility and quality of treatment and care services is increasingly important. The disease is expected to reach 41 million people across OECD countries by 2050 due to an ageing population, and research efforts to find a cure seem stalled. See also this OECD Observer article.

Changing technology, skills and jobs

As digitalisation transforms our jobs, an OECD study calls on governments to push for improvements in cognitive skills, especially among workers in low-skilled occupations. But it also recognises the challenge governments face in balancing limited budgets against the high costs of investing in skills. 

Germany versus bribery

Germany is a pragmatic and dedicated enforcer of the OECD Anti-Bribery Convention, but even so, companies are held liable in only a quarter of its concluded foreign bribery cases. This OECD report recommends further measures for Germany to trigger corporate liability and increase public confidence.

©OECD Observer 22 June 2018

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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