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The Nordic Countries

In: Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe

Author

Listed:
  • Line Eldring
  • Kristin Alsos

Abstract

Denmark, Finland, Iceland, Norway and Sweden are commonly grouped together as the Nordic countries. This is not only due to their geographic proximity but also because they share important characteristics, such as being small and relatively prosperous economies with highly organized labour markets and well-developed welfare states. Three of these countries — Denmark, Finland and Sweden — are members of the European Union (EU), while Iceland and Norway have opted for a ‘quasi-membership’ through the agreement on the European Economic Area (EEA). In practice, this means they are part of the EU common market and obliged to implement EU regulations. At first glance, the similarities between the five countries are more striking than the differences. When observed more closely, however, considerable differences show up concerning the organization and regulation of their labour markets.

Suggested Citation

  • Line Eldring & Kristin Alsos, 2015. "The Nordic Countries," Palgrave Macmillan Books, in: Maarten Klaveren & Denis Gregory & Thorsten Schulten (ed.), Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe, chapter 15, pages 273-286, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51242-0_15
    DOI: 10.1057/9781137512420_15
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    Cited by:

    1. Maczulskij, Terhi & Haapanen, Mika & Kauhanen, Antti & Riukula, Krista, 2021. "Dark Half: Decentralized Bargaining and Well-Being at Work," IZA Discussion Papers 14654, Institute of Labor Economics (IZA).

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