G7, Australian, Danish and New Zealand average personal income tax and social security contribution rates

image

Data extracted on 30 Jan 2016 03:32 UTC (GMT) from OECD.Stat.

G7, Danish, Australian and New Zealand marginal income tax and social security contribution rates

Ordinary French, Germans, Italians and Danish pay much higher marginal tax rates and that is before their high rates of GST.

image

Data extracted on 30 Jan 2016 03:08 UTC (GMT) from OECD.Stat.

Better than Sweden! All-in average personal income tax rates at average wage by New Zealand, Swedish and Danish family type

image

Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

Nordic all-in average personal income tax rates at average wage by family type – corrected

image

Data extracted on 21 Jan 2016 05:12 UTC (GMT) from OECD.Stat.

US, Danish and NZ long-term male unemployment @grantrobertson1 @nzlabour

https://twitter.com/KiwiLiveNews/status/688503382181449728

My search for an example of how Danish flexicurity might have an advantage over the status quo in the New Zealand labour market is still to yield results. Danish flexicurity is no better than New Zealand and often worse in keeping long-term male unemployment rates down as the charts below show. The flexicurity model combines flexible hiring and firing with a generous social safety net and an extensive system of activation policies for the unemployed.

image

Data extracted on 18 Jan 2016 21:55 UTC (GMT) from OECD.Stat.

The charts above and below do show is that a more generous social safety net for the unemployed introduced with the onset of the Great Recession in the USA was followed by a sharp increase in the incidence of long-term unemployment.

image

Data extracted on 18 Jan 2016 21:55 UTC (GMT) from OECD.Stat.

Danish, NZ, UK & US statutory protections against layoffs @grantrobertson1@nzlabour

[Tweet https://twitter.com/KiwiLiveNews/status/688503382181449728 ]

Denmark is all the go in the New Zealand Labour Party as a model for labour market flexibility despite the fact that it is much more heavily regulated than either New Zealand or the USA.

image

Source: OECD Indicators of Employment Protection – OECD.

Danish and New Zealand unemployment rates since 1960 @nzlabour @grantrobertson1

The Labor Party thinks the Danish labour market is something of a model for New Zealand despite its inferior performance on unemployment.

image

Data extracted on 17 Jan 2016 03:44 UTC (GMT) from OECD.Stat.

Danish and New Zealand equilibrium unemployment rates since 1972 @nzlabour @grantrobertson1

https://twitter.com/KiwiLiveNews/status/688503382181449728

The Labour Party wants the New Zealand labour market to be more like that in Denmark. The early 1990s recession New Zealand aside, New Zealand has always had a lower equilibrium unemployment rate than Denmark.

image

Data extracted on 17 Jan 2016 03:29 UTC (GMT) from OECD.Stat.

@Greenpeace why are German and Danish power prices so high?

https://www.facebook.com/bjornlomborg/photos/pb.146605843967.-2207520000.1449096549./10151463324443968/?type=3&src=https%3A%2F%2Fscontent.fakl1-1.fna.fbcdn.net%2Fhphotos-xpa1%2Fv%2Ft1.0-9%2F603057_10151463324443968_430892515_n.jpg%3Foh%3D7898935100fe2ecd38586132a3c6933d%26oe%3D56E0792F&size=662%2C550&fbid=10151463324443968

How Scandinavian Countries Pay for Their Government Spending

Equilibrium unemployment rates in Denmark, Sweden, Norway and Finland, 1969 – 2017

Equilibrium unemployment rates are creeping up on all Scandinavian countries bar Norway.

Data extracted on 10 Nov 2015 07:07 UTC (GMT) from OECD.Stat.

Do the European welfare states free ride off American entrepreneurship and innovation?

image

Source: Daron Acemoglu A Scandinavian U.S. Would Be a Problem for the Global Economy – NYTimes.com.

Why are Scandinavians so thin? Still few overweight Japanese

Swedish and Danish top incomes & union decline @FlipChartRick @EconomicPolicy @PoliticalSift

The Danish top 1% and top 10% is even lazier than their transnational co-conspirators. No success at all at either grinding the Danish unions down or extracting more labour surplus from the long-suffering Danish proletariat.

image

Source: OECD StatExtract and Top Incomes Database.

image

Source: OECD StatExtract and Top Incomes Database.

The Swedish top 10% and top 1%  have done a bit better since the economic liberalisation in that country from the early 1990s. But none of that additional labour surplus has anything to do with grinding the unions down because Swedish union membership has not declined.

image

Source: OECD StatExtract and Top Incomes Database.

image

Source: OECD StatExtract and Top Incomes Database.

Real GDP per working age British, Dane and Swede 1950 – 2012, PPP

image

Source: Computed from OECD StatExtract and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

image

Source: Computed from OECD StatExtract and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

The data is detrended at 1.9% per  year – the trend rate of growth for the USA in the 20th century. A rising line means growth greater than 1.9% for that year,  a falling line means growth of less than 1.9% for the year. A flat line is growth of 1.9% for that year.

Britain, Sweden and Denmark all grew quickly up until the 1970s in a period known as post-war catch up.In the 1970s and early 1980s, there was the British disease. The 1970s to the early 1990s was Swedosclerosis. There was a boom in the British economy subsequent to the economics of Mrs Thatcher.

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