1. Growth has returned since the global financial crisis, how can it be made more inclusive?
Gabriela Ramos,
OECD Chief of Staff and Sherpa to the G20
GPN Meeting
London, United Kingdom
4 April 2018

2. What’s the issue?  The top earners are pulling away from the rest
Wages of top 1% of income earners diverged from the average and the median
(OECD average, )
Top 1% earners
Average
Median
Wages decoupled from labour productivity
(OECD average, )
Labour productivity
Median (real compensation)
Average (real compensation)
Source: OECD (2018 forthcoming), The Framework for Policy Action on Inclusive Growth.

3. Gender wage gaps have changed little since 2010 and remain substantial
Median monthly gender pay gap for full-time employees
OECD (2017), Bridging the Gap

4. Inequalities impact life chances
Likelihood of educational attainment if neither parent has attained upper secondary education
OECD (2017), Bridging the Gap. Secretariat calculations using OECD PIAAC

5. How to do it?
Change Growth Narrative to a people’s centred one: Focus on NEXUS. Look at specific policy levers: quality education, quality jobs, investment in regions, housing, Early childhood education, Prioritize polices that benefit the Bottom 40% of the income deciles. Strengthen Social Protection (tax and transfers) and Social Dialogue. Children, Youth, Women, Ageing. Anticipate new sources of Inequalities: the Digital Transformation (skill biased; patent concentration; skills mismatch, training, AI and data, frontier firms).

6. Inclusive Growth Framework  Equal foundations
Inclusive Growth Framework  Equal foundations? Affordable housing remains a concern
Households' housing cost burden (median mortgage and rent cost)
(% of disposable income, 2014 or latest)
Source: OECD (2018 forthcoming), The Framework for Policy Action on Inclusive Growth.

7. Framework for Policy Action on Inclusive Growth  … in a broader inclusive growth context
PILLAR 2
Create inclusive markets & work
PILLAR 3
Invest in people & places
PILLAR 4
Re-build trust in government
PILLAR 1: Contribute to growth & benefit from it
Creating growth | Distributing well-being & assets | Accessing resources & markets
Boosting growth, business dynamism & tech-diffusion
Establishing low-carbon and resource-efficient economy
Achieving inclusive labour markets
Promoting life-long learning & skills
Improving material and non-material well-being
Increasing social mobility
Aligning IG policies across the government
Screening policies for inclusiveness impact & accountability
Empowering state for strong & inclusive growth
Context: Globalisation, digitalisation, demographics & climate change

8. OECD Chief of Staff and Sherpa to the G20
Thank you!
Gabriela Ramos
OECD Chief of Staff and Sherpa to the G20
Contact:
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For more details on the OECD and the Inclusive Growth Initiative, see