@BernieSanders how did Danish, Swedish, Finnish & Norwegian billionaires make their money?
25 Feb 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, politics - USA, survivor principle Tags: 2016 presidential election, billionaires, Denmark, entrepreneurial alertness, Finland, inherited wealth, Norway, superstar wages, superstars, Sweden
OK, Nordic billionaire population sizes might be small, but plenty more billionaires make their own money in neoliberal USA than in Bernie Sanders’ Utopia
Public, mandatory & voluntary private social expenditure, G7, Nordics, Australia & New Zealand
20 Feb 2016 Leave a comment
in applied welfare economics, economics of regulation, fiscal policy, labour economics, politics - Australia, politics - New Zealand, politics - USA, welfare reform Tags: British economy, Canada, Denmark, Finland, France, Germany, Italy, Japan, Norway, social insurance, Sweden, welfare state
Mandatory and voluntary private social expenditure makes a big difference to the degree of social insurance in some countries but not others. The calculation of these numbers in purchasing power parity would be much more interesting.
Source: OECD Income Distribution database.
% social benefits in cash by income quintile, G7, Nordics, Australia and New Zealand
20 Feb 2016 Leave a comment
in fiscal policy, income redistribution, labour economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, welfare reform Tags: British economy, Denmark, Finland, France, Germany, Italy, Japan, Norway, social insurance, Sweden, welfare state
Some welfare states are much more targeted. Australia has the most targeted welfare state in terms of public social benefits paid in cash to the bottom quintile (Q1) of income earners.
Source: OECD Income Distribution database.
Nordic all-in average personal income tax rates at average wage by family type – corrected
25 Jan 2016 Leave a comment
in public economics Tags: Denmark, Finland, Norway, Sweden, taxation and labour supply
Here’s how Scandinavian countries pay for their spending
14 Jan 2016 Leave a comment
in economic history, politics - Australia, politics - New Zealand, politics - USA, public economics Tags: growth of government, Norway, size of government, Sweden
How Scandinavian Countries Pay for Their Government Spending
20 Nov 2015 1 Comment
in politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: Denmark, Finland, growth of government, Norway, Scandinavia, size of government, Sweden, taxation and entrepreneurship, taxation and investment, taxation and labour supply, welfare state
Equilibrium unemployment rates in Denmark, Sweden, Norway and Finland, 1969 – 2017
13 Nov 2015 Leave a comment
in economic history, unemployment Tags: Denmark, Finland, Norway, Sweden
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.
Why are Scandinavians so thin? Still few overweight Japanese
08 Nov 2015 1 Comment
in health economics Tags: Denmark, economics of obesity, Finland, Japan, Norway, Scandinavia, Sweden
The Big Mac index illustrated
31 Oct 2015 Leave a comment
in economics of media and culture, international economics Tags: economics of advertising, Norway, purchasing power parity, Sweden, The Big Mac index
Did not know how crowded the North Sea was
15 Oct 2015 Leave a comment
in energy economics Tags: British economy, energy prices, North Sea, Norway, offshore drilling, Oil prices
Generation Rent comes to Scandinavia in lockstep – real housing prices in #Finland, #Sweden & #Norway since 1975
17 Sep 2015 Leave a comment
in economic history, urban economics Tags: Finland, Generation Rent, housing affordability, housing prices, land supply, land use planning, NIMBYs, Norway, Sweden, zoning
Source: International House Price Database – Dallas Fed
Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator.
% of unemployment lasting longer than 12 months in Scandinavia since 1976
16 Aug 2015 Leave a comment
in applied welfare economics, business cycles, constitutional political economy, economic history, job search and matching, labour economics, labour supply, macroeconomics, Public Choice, unemployment Tags: borders, deployment subsidies, economics of borders, equilibrium unemployment rate, Finland, labour market programs, long-term unemployment, maps, natural unemployment rate, Norway, Scandinavia, search and matching, Sweden, unemployment durations
As I recall, most unemployed have been unemployed longer than 12 months in Sweden have to go on a labour market program. When they returned to unemployment after the program, the clock starts again. They are deemed to be freshly unemployed rather than adding to the previous spell with an interlude on a make work program. This makes Swedish long-term unemployment data rather unintelligible.
Source: OECD StatExtract.
Finland was recovering from its worst depression since the 1930s and the early 1990s when its data on long-term unemployment started to be continuous. This makes Finnish unemployment data rather difficult to interpret. Norway’s data for the long-term unemployed goes up and down a bit too much to be trustworthy without a background policy narrative.
Union density rates in Scandinavia since 1960
15 Aug 2015 Leave a comment
in economic history, labour economics, unions Tags: Denmark, Finland, Norway, Sweden, union membership, union power, union wage premium
Union membership has been very high all the time in Norway, Sweden, Denmark and Finland.
Source: OECD Stat Extract.
Utopia, you are standing in it! 
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