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Denmark is one of the richest countries in the world and achieves this in combination with low inequality, low … (ALMPs) with compulsory participation for recipients of unemployment compensation. Denmark spends more on active labor market …
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Denmark is one of the richest countries in the world and achieves this in combination with low inequality, low … (ALMPs) with compulsory participation for recipients of unemployment compensation. Denmark spends more on active labor market …
Persistent link: https://www.econbiz.de/10013375224
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If productivity increases more slowly for services than for manufactured goods then services suffer from Baumol's cost disease and tend to become relatively more costly over time. Since the welfare state in all countries is an important supplier of tax financed services, this translates into a...
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