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The Icelandic Welfare State: Nordic or Anglo-Saxon? Professor Hannes H. Gissurarson NOPSA-36, Gothenburg 14 August 2014, 13–15.

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Presentation on theme: "The Icelandic Welfare State: Nordic or Anglo-Saxon? Professor Hannes H. Gissurarson NOPSA-36, Gothenburg 14 August 2014, 13–15."— Presentation transcript:

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2 The Icelandic Welfare State: Nordic or Anglo-Saxon? Professor Hannes H. Gissurarson NOPSA-36, Gothenburg 14 August 2014, 13–15

3 Lower Rate, More Revenue

4 Stabilisation: Inflation fell

5 Sustainable Strong Pension Funds

6 Public Expenditure in Iceland

7 Economic Freedom in the North

8 2003 Debate on “Hidden Poverty”

9 Eurostat on 2003–4 Poverty

10 Olafsson’s Income Distribution

11 Eurostat Income Distribution

12 Gini Coefficients after 2004

13 Top Credit Ratings Created Bubble

14 Bubble: 2004 Crucial Year

15 2004–8: Baugur Bubble

16 101: Baugur Group Private Jet

17 101: Baugur Group Private Yacht

18 Seven EU countries hit harder

19 All Income Groups Suffered

20 Living standards relative to EU average

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