Income Inequality In Nordic Countries

A distinct outcome of the nordic model has for long been a compressed income distribution and low poverty risks.

Income inequality in nordic countries. Nordic countries are among the most equal countries not only in europe but also in the world. Denmark and sweden lead the list of the countries with the least income inequality among the eu countries with a gini coefficient score of 24 8 and 24 9 respectively. This issue of the nordic economic policy review brings together a number of contributions dealing with various aspects of inequality in the four countries of denmark finland norway and sweden. The nordic model is often celebrated as an alternative to the united states escalating inequality.

Income inequality has increased more in the nordic countries than in most oecd countries since the early 1990 s. The starting point however was exceptionally low and inequality in the region remains well below the oecd average. The nordic countries norway sweden denmark and finland typically have considerably less income and wealth inequality thanks to both robust social safety nets and progressive taxation. In addition to mapping differences in income inequalities in health between the nordic countries this study aims to examine the underlying causes of these differences.

Drawing on analyses of national income surveys the luxembourg income study and eu silc this chapter shows that income inequality has increased in all nordic countries over the last decades and especially so in finland iceland and sweden. To what extent do these features still hold. In sum the first research question is to what extent there is an income gradient in health in the nordic countries and to what extent the nordic countries differ in this respect. This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income.

Excerpt from increasing income inequality nordic economic policy review 2018. The nordic countries sweden norway finland and denmark high living standards and low income disparity have captured the world s attention. Increased income inequality is an international phenomenon. Income inequality has increased more in the nordic countries than in most oecd countries since the early 1990 s.

The starting point however was exceptionally low and inequality in the region remains well below the oecd average.