The Scandinavian model—An interpretation

  • Erling Barth, Karl O. Moene, Fredrik Willumsen
  • Published 2014


The small open economies in Scandinavia have for long periods had high work effort, small wage differentials, high productivity, and a generous welfare state. To understand how this might be an economic and political equilibrium we combine models of collective wage bargaining, creative job destruction, and welfare spending. The two-tier system of wage… (More)


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@inproceedings{Barth2014TheSM, title={The Scandinavian model—An interpretation}, author={Erling Barth and Karl O. Moene and Fredrik Willumsen}, year={2014} }