This paper explores the impact of competition on inequality by developing a new model to illustrate how higher profits from market power, and associated higher prices, could influence the distribution of wealth and income. We analyse data from eight OECD countries – Canada, France, Germany,...

In recent years, there has been growing concern that a trend has emerged in which markets around the world are becoming more concentrated and less competitive. This is sometimes attributed to the increasingly digital and globalized nature of many markets and the firms that operate within them....

Some policies drive economic growth, some act to redistribute income or wealth; however, it is rare to find policy instruments that do both. Investment in improving skills and education may fall into that category. New research from the OECD suggests that competition can also help governments to...