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THE NORDIC MODEL: Embracing globalization and sharing risks by Torben Andersen et al. (2007), ETLA NORDICS IN GLOBAL CRISIS: Vulnerable and resilient by.

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Presentation on theme: "THE NORDIC MODEL: Embracing globalization and sharing risks by Torben Andersen et al. (2007), ETLA NORDICS IN GLOBAL CRISIS: Vulnerable and resilient by."— Presentation transcript:

1 THE NORDIC MODEL: Embracing globalization and sharing risks by Torben Andersen et al. (2007), ETLA NORDICS IN GLOBAL CRISIS: Vulnerable and resilient by T. Gylfason et al. (2010), ETLA Sixten Korkman, ETLA Berlin, 6.9.2010

2 THE NORDIC MODEL I. Labour market institutions - including a big role for organizations / negotiations II. The welfare state - including comprehensive safety nets III. Investment in human capital - including pre-school child care & the school

3 Tax rates Korkman/taulukko_tax_ratesSource: Eurostat. Total tax revenues and soc. sec. contributions, % of GDP (2008) GermanyFinlandSwedenDenmarkEuro area Top statutory rates on personal income, % (2010) Adjusted top statutory tax rate on corporate income, % (2010) 39.3 47.5 29.8 43.1 48.6 26.0 47.1 56.4 26.3 48.2 51.5 25.0 39.7 42.4 25.7

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