Does Denmark need yet another tax reform?

By Mikkel Hermansen and Valentine Millot, OECD Economics Department The answer is yes according to the recent OECD Economic Survey of Denmark. The ratio of tax revenue to GDP in Denmark is 46%, very close to the highest country (France: 46.2%) and well above the OECD average (34.2%). Past reforms have made considerable progress in … More Does Denmark need yet another tax reform?

Ambitious retirement age indexation ensures sustainable public finances in Denmark

By Mikkel Hermansen, Denmark desk, OECD Economics Department Denmark has a long tradition of reforms delivering sound public finances and strengthening economic growth. One foundation of long-term fiscal sustainability was the decision taken in 2006 to index statutory and early retirement ages to life expectancy. Projections of public finances suggest that in this case (the … More Ambitious retirement age indexation ensures sustainable public finances in Denmark

A balancing act: Why inequality increased in the Nordics

Mr. Jon Pareliussen, Economist, Sweden/Finland desk, Economics Department The Nordics are rightly renowned for being inclusive societies with low inequality compared to other OECD countries. However, some of the largest inequality increases over the past few decades took place in Sweden, Finland and Denmark. A newly released article  building on previous OECD work discusses how market forces, … More A balancing act: Why inequality increased in the Nordics

Inequality in Denmark through the looking glass

By Mikkel Hermansen, Structural Surveillance Division, OECD Economics Department Although Denmark is one of the least unequal countries in the world, it has like many other OECD countries experienced a rise in income inequality. But by exactly how much has the Gini coefficient risen over the last decades? There is significant disagreement between various official … More Inequality in Denmark through the looking glass