Upward mobility in U.S.. The relationship between father-son earnings is tighter in the United States than in most peer OECD countries, meaning U.S. mobility is among the lowest of major industrialized economies.... An elasticity of 0.47 found in the United States offers much less likelihood of moving up than an elasticity of 0.18 or less, as characterizes Finland, Norway, and Denmark. In U.S., people make money the old fashioned way: they inherit it.
INEQUALITY between rich & poor - of all countries tracked - have increased most in Germany & the US since 1985 says OECD report, meaning MOST of the wealth & income gains have gone to the top small percentage of people & not shared w/ the poor. The US ranks #17 & Germany #18 of 34 for Life Satisfaction. Spain's inequality decreased more than any country since 1985. http://www.oecd.org/social/inequality.htm http://www.oecdbetterlifeindex.org/topics/life-satisfaction/
Treasurer Joe Hockey has released a discussion paper on Australia's taxation system. It says the Federal Government is committed to a better tax system to deliver taxes that are lower, simpler and fairer. ABC Fact Check takes a look at the tax system.
The Listener's Catherine Woulfe gives a much-needed reality check on PISA: "...a few pages past the league table, the OECD notes that the difference between us and Austria – which is five slots ahead on the league table – is not statistically significant. That doesn’t mean it’s not a large gap; it means in statistical terms it’s no gap at all. In fact, we’re level-pegging with Austria, Australia (phew), Ireland, Slovenia, Denmark, the Czech Republic, France and the United Kingdom."