Posted . For each hour worked Portugal produces about half of the output produced in the United States. A historic legacy of very low education attainment is partly to blame for Portugal’s lower productivity. However, education attainment remains low even for those who have left the education system not so long ago. At 65%, the share of young adults (aged 25-34 years old) who have completed upper secondary education is still the third lowest in the OECD. More...
An immediate Chinese challenge: further addressing vast income inequality
Posted . The goal of the Chinese government to achieve a “moderately prosperous society in all respects” by 2020 is centred around improving social welfare throughout the population. One of the essential ingredients to doing this is a further reduction in economic inequality. More...
Going for Growth 2017: Policies for growth to benefit all
Posted . The support for governments’ pro-growth structural reform agenda is being undermined by the prolonged period of stagnating living standards that has affected a large share of the population in many countries. Growing political headwinds are clearly one factor contributing to the steady slowdown in the pace of reforms observed since the immediate post-crisis years, (see first chart). Yet, the reforms are needed, both to escape the low-growth trap and to prepare for rapid technological changes. More...
Reducing poverty durably is a key challenge in Spain
Posted . Poverty has risen in Spain in the wake of the crisis (Figure 1), mainly due to lack of quality jobs that provide enough hours of paid work to support decent incomes (OECD, 2017). The risk of poverty is concentrated on jobless households and households with only temporary workers (OECD, 2015). More...
Will risks and financial vulnerabilities derail the modest recovery?
Posted . Global growth is projected to pick up to around 3½ per cent in 2018, from just under 3% in 2016 in our latest Interim Economic Outlook. The forecast modest recovery is supported by fiscal initiatives in major economies and broadly unchanged from the November Economic Outlook. More...
Australia’s economy, good track record but challenges ahead
Posted . Australia’s economy has enjoyed considerable success in recent decades, gross domestic product per capita is high and the country generally ranks favourably in well-being. Despite the end of the global commodity super-cycle, the economy continues to perform well. More...
Efficient, Equitable and Enforceable: three “Es” for reforming India’s tax system and better finance public services
Posted . Promoting inclusive growth in India requires improving social and physical infrastructure. Public spending needs are large: only 40% of the population had access to sanitation facilities in 2015; public spending on health is just above 1% of GDP, compared to 7% on average in OECD countries and 3% in the other key emerging economies; only a small fraction of the population contributes to a retirement scheme. More...
How Wales can ensure the successful implementation of its reforms
By Andreas Schleicher. Wales is committed to providing high-quality and inclusive education for all its citizens. The disappointing 2009 Programme for International Student Assessment results however showed Wales was far removed from realising this commitment, which sparked a national debate on the quality and future of education in Wales. More...
Finding and cultivating talented teachers: Insights from high-performing countries
By Esther Carvalhaes. Teachers are the backbone of any education system. After all, without qualified teachers, how can governments and schools secure each child’s right to quality education and build a society of educated citizens, capable of shaping their own future. More...
Why do so many women want to become teachers?
By Dirk Van Damme. It is well known that the share of women in the teaching force is growing. According to the latest Education Indicators in Focus brief, the average share of female teachers across OECD countries increased from 61% in 2005 to 65% in 2010 and to 68% in 2014, in all education levels combined. More...