EU Sources - Increase of income inequality in Europe - June 30, 2018

 According to a study published by the OECD, income inequality has increased and social mobility stalled across the world’s richest countries since the 1990s. The OECD stated that barriers to social mobility are harming economic progress by shutting out vital workers and undermining political stability as people become cynical about their prospects. The report says that in absolute terms, almost everyone in OECD countries has seen an improvement in living standards and life chances than previous generations, with greater access to higher levels of education, healthcare and better paid employment. But while income mobility was a reality for many people born between 1955 and 1975 from low-educated parents, it has stagnated for those born after the mid-1970s.

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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI