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Title:Growth and equity in Finland PDF Logo
Authors:Jäntti, Markus
Saari, Juho
Vartiainen, Juhana
Issue Date:2006
Series/Report no.:WIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2006/06
Abstract:This paper reviews Finnish economic history during the ‘long’ twentieth century with a special emphasis on policies for equity and growth. We argue that Finland developed from a poor, vulnerable, and conflict-prone country to a modern economy in part through policies geared at both growth and equity, such as land reform and compulsory schooling. The state participated in economic activity both indirectly and directly in the post-war period, implementing many social policy reforms that facilitated the functioning of the labour market and led to greater equity. Centralised collective bargaining was just one of the many means through which central government intervened in the economy. Both the long-run growth record and the equality of different kinds of economic outcomes are fairly positive. This suggests that facilitating economic growth through such policies that further more equitable outcomes may at least in the case of Finland have met with some success.
Subjects:economic growth
income distribution
labour unions
schooling
public policy
JEL:J50
N33
N34
O52
ISBN:9291908479
Document Type:Working Paper
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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