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State of the Nordic Region 2020

image of State of the Nordic Region 2020

State of the Nordic Region 2020 gives you a unique look behind the scenes of the world's most integrated region, comprised of Denmark, Finland, Iceland, Norway and Sweden, along with the Faroe Islands, Greenland and Åland. The report presents a series of facts and figures showing the current state of play within core socioeconomic sectors, including demography, labour market and economy. In addition, you can read about wellbeing and energy pathways towards a carbon neutral Nordic Region. State of the Nordic Region 2020 is published by the Nordic Council of Ministers and produced by Nordregio, an international research center for regional development and planning established by the Nordic Council of Ministers.

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Increasing Income in Equality

Rising income inequality is a “defining challenge of our time” (Obama, 2013). However, the gap between the poor and the rich within OECD countries has been increasing continuously since the late 1970s. Hence the considerable attention this topic receives from the media, policy makers and experts, as well as the general public. Income inequality is indeed often perceived as an indicator of a lack of income mobility and opportunity, which can entail large social costs, including loss of confidence in institutions and deteriorate social cohesion (Dabla-Norris, Kochhar, Suphaphiphat, Ricka & Tsounta, 2015). The analysis of income inequality thus provides an insight into the existing welfare system, living standards and social cohesion within the Nordic Region.

English

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