Group items tagged

"First, countries need policies to facilitate labor reallocation and shorten periods during which labor remains idle. For example, re-allocating labor could be easier with a stronger, while temporary, unemployment insurance. And social benefits may need to be more portable. (...) Building human capital is key. This could mean more or more effective public spending on education, making it responsive to market demands and providing opportunities for life-long learning. (...) Redistribution through the tax-benefit system could be another way to spread the gains from technological advances. (...) While redistribution is part of each countries' social contract, IMF research indicates that addressing inequality may be beneficial for growth, and therefore important for a country's economy."