The Nordic Countries

Line Eldring and Kristin Alsos

Chapter 15 in Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe, 2015, pp 273-286 from Palgrave Macmillan

Abstract: 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.

Keywords: European Union; Minimum Wage; Collective Bargaining; Nordic Country; Social Partner (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51242-0_15

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DOI: 10.1057/9781137512420_15

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