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Growth and Equity in Finland

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.
Publisher:
UNU-WIDER
Series:
WIDER Discussion Paper
Volume:
2006/06
Title:
Growth and Equity in Finland
Authors:
Markus Jäntti, Juho Saari, and Juhana Vartiainen
Publication date:
2006
ISBN Printed:
9291908460
ISBN Web:
9291908479
ISBN 13 Print:
9789291908462
ISBN 13 Web:
9789291908479
Copyright holder:
© UNU-WIDER
Copyright year:
2006
Keywords:
economic growth, income distribution, labour unions, schooling, public policy
JEL:
J50, N33, N34, O52
Project:
Global Trends in Inequality and Poverty
Sponsor:
The governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency-Sida) and the United Kingdom (Department for International Development).
Format:
online and printed copies
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