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

Collective bargaining in Iceland: sharing the spoils without spoiling the shares

by Urban Sila, Iceland Desk, OECD Economics Department Icelandic labour market is flexible with high labour market participation, low unemployment, and labour supply dynamically responds to the economic cycle. Iceland is the most highly unionised country in the OECD and wage bargaining is a cornerstone of the economy. Strong unions have contributed to very low … More Collective bargaining in Iceland: sharing the spoils without spoiling the shares