Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format ECO/WKP(2012)1 Unclassified English -Or. English ECO/WKP(2012)1 2 ABSTRACT/RÉSUME Less income inequality and more growth -Are they compatible? Part 1. Mapping income inequality across the OECDCountries differ widely with respect to the level of labour income inequality among individuals of working age. Labour income inequality is shaped by differences in wage rates, hours worked and inactivity rates. Individual labour income inequality is the main driver of household market income inequality, with family formation as well as self-employment and capital income dispersion playing a smaller role. Household disposable income dispersion is lower in all OECD countries than household market income inequality, due to the redistributive effect of tax and transfer systems, but redistribution differs widely across countries. This paper maps income inequality for all OECD countries across various inequality dimensions and summarises them in inequality outcome diamonds. It also provides a cluster analysis that identifies groups of countries that share similar inequality patterns.

The OECD Economic Policy Paper Series is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries.Earlier versions of this paper were discussed at the Working Party No. 1 of the OECD Economic Policy Committee, the OECD Economic Policy Committee, the OECD Committee on Financial Markets and seminars of the New Approaches to Economic Challenges initiative and the OECD Economic Development and Review Committee. The authors would like to thank the participants for their feedback. They are also indebted to

Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format ECO/WKP(

This paper identifies inequality patterns across Organisation for Economic Co-operation and Development (OECD) countries and provides new analysis of their policy and non-policy drivers. One key finding is that education and anti-discrimination policies, well-designed labor market institutions and large and/or progressive tax and transfer systems can all reduce income inequality. On this basis, the paper identifies several policy reforms that could yield a double dividend in terms of boosting GDP per capita and reducing income inequality, and also flags other policy areas where reforms would entail a trade-off between both objectives.

The OECD Economic Policy Paper Series is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This paper is a revised version of the main document on fiscal consolidation (Part 1, see below) that was discussed at the OECD Economic Policy Committee and Working Party 1 meetings. The authors would like to thank the participants. More detailed information is available from the OECD Economics Department Working Paper series on Fiscal Consolidation: Part 1. How much is needed and how to reduce debt to a prudent level?, No. 932 Part 2. Fiscal multipliers and fiscal consolidations, No. 933 Part 3. Long-run projections and fiscal gap calculations, No. 934 Part 4. Case studies of large fiscal consolidation episodes, No. 935 Part 5. What factors determine the success of consolidation efforts?, No. 936 Part 6. What are the best policy instruments for fiscal consolidation?, No. 937 Series: OECD Economic Policy Papers ISSN 2226583XThis document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

JT03349501Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. ECO/WKP(2013) Policy reforms aimed at boosting long-run growth often have side effects -positive or negative -on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks. Against this background, this paper looks at a vast array of policy recommendations by the OECD that promote longterm growth -contained in Going for Growth and the Economic Outlook -and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off. JEL classification codes: E32, E52, E62, O40Keywords: growth, economic policy, business cycles, volatility ***** Politiques de croissance et stabilité macroéconomiqueLes réformes visant à stimuler la croissance à long terme ont souvent des effets secondaires -positifs ou négatifs -sur la vulnérabilité d'une économie face à des chocs et à leur propagation. Des chocs macroéconomiques aussi graves et prolongés que ceux observés depuis 2007 justifient un réexamen de la contribution des politiques de promotion de la croissance à la vulnérabilité et à la résilience d'une économie face à de telles perturbations. Dans cette optique, le présent document passe en revue un large éventail de recommandations d'action formulées par l'OCDE pour encourager la croissance à long termequi figurent dans Objectif croissance et les Perspectives économiques -et cherche à déterminer si les actions recommandées favorisent la stabilité macroéconomique ou si des arbitrages s'imposent. Classification JEL : E32, E52, E62, O40Mots clés : croissance, politique économique, cycles d'activité, volatilité © OECD (2013)You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for commercial use and translation rights should be submitted to rights@oecd.org.