Income inequality in Israel among highest in OECD

Income inequality in Israel is among the highest among members of the Organization of Economic Cooperation and Development, according to the international NGO’s latest report, which came out Thursday.

The report was based on statistics compiled for the OECD inequality website. Among the 34 countries in the survey, only Mexico (30.5) and the United States (18.8) had higher income ratios between the top 10 percent and the bottom 10 percent than Israel (14.9) did in 2013. There were no 2013 statistics for Chile, which had a ratio of 26.5 in 2011 and probably would have had a worse ratio than Israel.

The share of income among the bottom 10 percent of Israel, 1.7%, is only higher than the U.S. (1.6%), Chile (1.5%) and Mexico (1.2%).

In Denmark and the Czech Republic, the two most equitable countries, the bottom 10 percent’s share of total income was 4%. Their top 10/bottom 10 ratios were 5.2 and 5.4, respectively.

Source: http://www.haaretz.com/news/israel/1.657611

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