The Scandinavian model: An interpretation
| When: | Wednesday, 31 August 2016 - Wednesday, 31 August 2016 |
| Where: | Braamfontein Campus West SEBS Seminar Suite, 1st Floor, New Commerce Building |
| Start time: | 15:00 |
| RSVP: |
The Wits School of Economic and Business Sciences will host a seminar to be presented by Karl Ove Moene.
Moene is a Professor at the Department of Economics, University of Oslo, founder and leader of the Centre of Equality, Social Organisation and Performance at the University of Oslo. The economies in Scandinavia have for long periods had high work effort, small wage differentials, high productivity, and a generous welfare state.
This seminar will explore the economic and political equilibrium in these economies and how they combine models of collective wage bargaining, creative job destruction, and welfare spending.
Moene 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.
He will also show how the political support for welfare spending is fueled by both a higher mean wage and lower wage dispersion.
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