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 transcript:

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

Lower Rate, More Revenue

Stabilisation: Inflation fell

Sustainable Strong Pension Funds

Public Expenditure in Iceland

Economic Freedom in the North

2003 Debate on “Hidden Poverty”

Eurostat on 2003–4 Poverty

Olafsson’s Income Distribution

Eurostat Income Distribution

Gini Coefficients after 2004

Top Credit Ratings Created Bubble

Bubble: 2004 Crucial Year

2004–8: Baugur Bubble

101: Baugur Group Private Jet

101: Baugur Group Private Yacht

Seven EU countries hit harder

All Income Groups Suffered

Living standards relative to EU average