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