Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223625
Authors: 
Ólafsdóttir, Katrín
Year of Publication: 
2020
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2020 [Issue:] 474
Abstract: 
The Icelandic labor market is characterized by high union density and the Icelanders’ willingness to work, as labor force participation is high, the work week long, and people retire late. The resilience and flexibility of the Icelandic labor market was put to the test in the Great Recession as a large share of employees in the labor market experienced a fall in work hours and a fall in nominal wages, while unemployment rose less than expected. In recent years there has been a strong influx of foreign workers, mostly from Eastern Europe. Studies have shown that their labor force participation is no lower than that of Icelanders.
Subjects: 
flexibility
union density
inequality
immigration
JEL: 
J51
J61
J31
J26
J32
Persistent Identifier of the first edition: 
Document Type: 
Article

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