Our work on promoting #socialmobility in 🇦🇹 has finally been released as an @OECD_Social Working Paper: doi.org/10.1787/1e0efd…

Socio-economic outcomes (earnings, occupation, education) are highly persistent across generations in 🇦🇹 even as income inequality is low

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The paper discusses policies in 4 areas to boost social mobility:

1) Expanding quality early childhood education and care (ECEC) can promote upward mobility. ECEC participation rates in 🇦🇹 have risen over the last decade, but remain below those in many #OECD countries

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2) Supporting #youth with their school-to-work transition helps educational mobility. 🇦🇹 already does a lot in this area, but it could improve funding for disadvantaged schools and consider the appropriateness of "tracking" pupils in school at such a young age.

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3) #Gender inequalities in the labour market are large in 🇦🇹. Austria should raise incentives for a more equal sharing of family and work responsibilities in the areas of tax policy, parental leave and family and care benefits.

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4) #wealthinequality is a challenge for social mobility in 🇦🇹. Austria abolished its inheritance taxes, and bequests play a larger role for wealth accumulation than elsewhere. Austria should consider increasing recurrent property taxes and re-introducing inheritance taxes

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A German version of the paper is available in the @bmsgpk Sozialpolitische Studienreihe Band 26, studienreihe.at/cms/Z02/Z02_2.…

For related work, see also the recent OECD Economic Survey for Austria doi.org/10.1787/22f838…

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More from @sebkoenigs

2 Jan
Great @nytimes column on how changes in earnings, incomes and consumption during the #COVID19 crisis contributed to buoying asset markets at a time of such great economic despair @Neil_Irwin h/t to @dynarski
nytimes.com/2021/01/01/ups…

[Thread]
1) Even while millions of U.S. workers lost their jobs, aggregate salaries and wages have only declined a little, by 0.5% for March to November. Part of the story: the crisis impact has been highly unequal, and job and earnings losses disproportionally struck low-paid workers
2) Income support to unemployed workers has been huge: total income from unemployment benefits in the U.S. was 25x (!) higher for March to November than in the corresponding period in the previous year.
Read 6 tweets

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