Seminars with Prof. Karl-Ove Moene
The economies in Scandinavia have for long periods had high work effort, small wage differentials, high productivity, and a generous welfare state. This seminar explored the economic and political equilibrium in these economies and how they combine models of collective wage bargaining, creative job destruction, and welfare spending. Professor Karl-Ove Moene gave 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 most modern activities. Karl showed how the political support for welfare spending is fueled by both a higher mean wage and a lower wage dispersion.
Karl-Ove Moene is a Norwegian economist and professor in the Department of Economics at the University of Oslo .
Listen to full audio of this seminar here.