The Scandanavian model - an interpretation

  • Date: Thursday, 01 September 2016
  • Venue: TIPS Boardroom, 227 Lange St, Nieuw Muckleneuk, Pretoria
  • Main Speakers: Professor Karl Ove Moene
The economies in Scandinavia have for long periods had high work effort, small wage differentials, high productivity, and a generous welfare state. The seminar will explore the economic and political equilibrium in these economies and how they combine models of collective wage bargaining, creative job estruction, and welfare spending. The presenter will give an overview of the wage bargaining systems and how they fuel investments, enhance average productivity and increase the mean wage by allocating more of the work force to the most modern activities. The presenter will also show how the political support for welfare spending is fuelled by both a higher mean wage and a lower wage dispersion.

Presenter: Professor Karl Ove Moene, Department of Economcs, University of Oslo

Professor Karl Ove Moene is a Professor at the Department of Economics, University of Oslo and the founder and leader of the Centre of Equality, Social Organisation and Performance (ESOP) at the University of Oslo. Professor Moene has published over 60 articles in top international journals, covering a wide range of topics including equality, wage compression, welfare, social democracy, the Scandinavian model, Scandinavian equality, and the European social model, among others.   
He is also the author of several books, including Trade Union Behaviour, Pay Bargaining and Economic Performance, Clarendon Press, Oxford, 1993 and Alternatives to Capitalism, co-edited with J Elster, Cambridge University Press, 1989.