Macro-simulations benchmarking employment in Finland to the Nordic average show that closing the large gaps in labour … participation vis-à-vis the other Nordics across genders and age groups would boost employment significantly. Regressions on micro … explain some of the observed differences in labour market outcomes across age and gender. Low employment in the oldest Finnish …

Welfare benefits in the Nordic countries are often tied to employment. We argue that this is one of the factors behind … the success of the Nordic model, where a comprehensive welfare state is associated with high employment. In a general … equilibrium setting, the underlining mechanism works through wage moderation and job creation. The benefits make it more important …