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The Choices for Scandinavian Social Democracy in Comparative Perspective

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  • Iversen, Torben

Abstract

Scandinavian social democracy represents one of the most systematic attempts to shape economic institutions and policies in pursuit of equality and full employment. Increasingly, however, these goals have eluded governments, and their institutional supports have eroded. This paper seeks to understand this shift through a comparative analysis that places particular emphasis on the interaction between macroeconomic policies and wage-bargaining institutions. It is argued that the nature of this interaction, and the associated economic effects, have been changed by new technology, capital market integration, and service-sector expansion. As a result, centralized wage-bargaining institutions and accommodating macroeconomic policy regimes have been undermined, and social democracy increasingly faces a choice between the promotion of equality and employment for all. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Iversen, Torben, 1998. "The Choices for Scandinavian Social Democracy in Comparative Perspective," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 14(1), pages 59-75, Spring.
    • Handle: RePEc:oup:oxford:v:14:y:1998:i:1:p:59-75
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    Cited by:

    1. Höpner, Martin & Schäfer, Armin (ed.), 2008. "Die Politische Ökonomie der europäischen Integration," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 61, number 61.
    2. Tetsuo Ono, 2007. "Environmental Tax Reform, Economic Growth, and Unemployment in an OLG Economy," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 63(1), pages 133-161, March.
    3. Grzegorz W. Kołodko, 2019. "Uwarunkowania i długookresowe implikacje Strategii dla Polski," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 65-93.
    4. Green-Pedersen, Christoffer, 2001. "Minority governments and party politics: The political and institutional background to the Danish Miracle," MPIfG Discussion Paper 01/1, Max Planck Institute for the Study of Societies.

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