Skills and wage inequality

By Glenda Quintini. Income inequality has been rising in a large majority of OECD countries and, in most of them, is now at its highest level in 30 years. Today, the richest 10% of the population in the OECD area receive 9.5 times more income each year than the poorest 10%. Arresting the trend rise in income inequality has become an increasingly pressing concern for policy makers, as the significant economic and social costs associated with it have become better understood. More...