In this Book
- Economic Performance in the Nordic World
- Book
- 2021
- Published by: University of Wisconsin Press
- Series: Nordic World
summary
The Nordic countries stand out in international comparisons for having both high living standards and low inequality. The welfare state and public sectors are large and the tax burden is high. How have these countries managed to achieve such favorable economic performance?
Economist Torben M. Andersen shows how the Nordic model rests on two pillars: the social safety net, which offers income compensation to the majority of those unable to support themselves, and the provision of services like education, childcare, and healthcare to all. The Nordic model can be characterized as one of employment, since its financial viability rests on a high labor participation rate with few working poor.
Andersen lays out the structure of the model and highlights factors important for understanding its economic performance. He then looks into specific policy areas based on Denmark's experiences regarding labor market policies (flexicurity), pension systems, and preparation for an aging population; and addresses the challenges arising from new technologies and globalization.
Economist Torben M. Andersen shows how the Nordic model rests on two pillars: the social safety net, which offers income compensation to the majority of those unable to support themselves, and the provision of services like education, childcare, and healthcare to all. The Nordic model can be characterized as one of employment, since its financial viability rests on a high labor participation rate with few working poor.
Andersen lays out the structure of the model and highlights factors important for understanding its economic performance. He then looks into specific policy areas based on Denmark's experiences regarding labor market policies (flexicurity), pension systems, and preparation for an aging population; and addresses the challenges arising from new technologies and globalization.
Table of Contents
Download Full Book
- Title Page, Copyright
- pp. 1-4
- 1. Introduction
- pp. 7-10
- 3. The Nordic welfare model
- pp. 19-34
- 6. Aging populations
- pp. 69-80
- 7. Globalization and migration
- pp. 81-94
- 8. The wealth dilemma
- pp. 95-104
- 9. Conclusions
- pp. 105-106
- Suggestions for further reading
- pp. 107-108
Additional Information
ISBN
9780299333935
Related ISBN(s)
9780299333942, 9780299333980
MARC Record
OCLC
1257243242
Pages
108
Launched on MUSE
2021-06-22
Language
English
Open Access
No