OECD latest publications
Equal educational opportunity and the development of human capital are two of the main keys to economic progress and social welfare — if not the most important. In the face of the digital disruption that is underway, knowledge, skills and competences of the population are also essential.
This working paper reviews the available cross-country data on skill levels and educational quality and analyzes their distribution across OECD countries and their strengths and limitations in comparison to years of schooling.
We analyze the effects of innovation on social welfare in a sample of 35 OECD countries from 1960 to 2017. The results suggest that the effects of innovation on social welfare are statistically significant and economically relevant. The estimated impact of innovation is robust to alternative econometric specifications.
Although GDP per capita is a good aggregate indicator of market activities (with some limitations due to digital disruption), a broader range of indicators than those traditionally used, such as GDP, is required to measure welfare and the progress of societies.
I'm sure that you all know the story of the emperor who was told by a group of con artists that they would dress him in a suit that was invisible to stupid people. The trick took a long time to be revealed because the emperor, like many of his subjects, was reluctant to admit his own shortcomings despite the evidence.
The long-term prosperity of a society is dependent on its productivity—in other words, its capacity to increase the quantity of goods and services produced per unit of labor input. GDP per person of working age can be calculated by simply multiplying the activity rate by the employment rate for the active population and by …
The diagnosis of the system's current problems is well known. Since the start of the 2008 financial crisis, pension spending has increased by 4% on average annually, whilst earnings have stagnated—or even decreased—as a result of a 17% fall in employment.
Colombia’s entry into the OECD, which was announced a couple of weeks ago, is good news, as I said in a previous column, both for what we have done and what we are going to do to look good in the photo of the countries with best practices.