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Productivity Economy Featured Innovation Labour

Adult skills and productivity: New evidence from PIAAC 2023

Adult skills play a crucial role in shaping productivity. This column uses data from the 2023 OECD Survey of Adult Skills to analyse the relationship between productivity and the level and allocation of skills across industries. Differences in skill levels account for one-quarter of productivity gaps between the OECD average and the top three performers. […]

Environment Agriculture Featured World

Does index insurance really work for smallholder farmers?

Traditional insurance for smallholder farmers in low- and middle-income countries (LMICs) is prohibitively expensive. Serving rural and remote areas requires costly on-site visits to assess risks and verify losses. In addition, the information available to insurers about farmers’ practices, and what they are exposed to, is limited, which drives the insurance cost up due to […]

Gender Business Featured Finance Lifestyle

Part-time work slows the narrowing of France’s lifetime gender earnings gap

France has narrowed its gender lifetime earnings gap, but has not managed closed it. Despite legal guarantees, French women still earn 30% less than men over a career. This column tracks lifetime income for cohorts born 1942–1964 and finds that convergence has stalled since the 1980s, mostly due to rising part-time work among women. Working […]

Economy Business Employment Featured

Employment protection legislation reforms and the rising cost of job loss

A widely cited argument in favour of easing employment protection rules is that greater flexibility in hiring and firing can lead to increased job matching efficiency and productivity, but this may come at a cost for certain groups of workers. This column examines the impact of the 2012 ‘Fornero Reform’ in Italy, which lowered the […]

Development Economy Featured Finance poverty

Developing world cities: Poverty traps versus pathways to prosperity

In higher-income countries, urban proximity has been shown to enhance workers’ skills and income, but less is known about low- and middle-income countries. This column examines how the income of initially poor workers in Brazil changes after urban migration. Wages go up immediately for migrants to both southern and northern Brazilian cities, but only in […]