Nordic model

E25518
economic system socio-economic model welfare state model

The Nordic model is a socio-economic system characterized by comprehensive welfare states, high levels of taxation, strong labor protections, and a mixed-market economy aimed at combining economic efficiency with social equality.

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All labels observed (5)

Label Occurrences
Nordic model canonical 8
Nordic social democracy 3
Nordic welfare model 1

Statements (50)

Predicate Object
instanceOf economic system ⓘ
socio-economic model ⓘ
welfare state model ⓘ
aimsFor economic efficiency ⓘ
full employment ⓘ
high living standards ⓘ
social equality ⓘ
associatedWith coordinated wage setting ⓘ
extensive public childcare ⓘ
high human development index ⓘ
high levels of social trust ⓘ
low levels of corruption ⓘ
relatively high unionization in the private sector ⓘ
strong employment protection legislation ⓘ
basedOn progressive taxation ⓘ
public provision of services ⓘ
redistributive fiscal policy ⓘ
regulated capitalism ⓘ
universalism in welfare provision ⓘ
contrastsWith Anglo-Saxon economic model ⓘ
liberal market economy model ⓘ
hasCharacteristic collective bargaining ⓘ
comprehensive welfare state ⓘ
extensive public sector ⓘ
generous parental leave ⓘ
high social mobility ⓘ
high taxation ⓘ
high union density ⓘ
mixed-market economy ⓘ
pension system with strong public component ⓘ
publicly funded education ⓘ
relatively low income inequality ⓘ
social partnership ⓘ
strong labor protections ⓘ
tripartite cooperation ⓘ
unemployment insurance ⓘ
universal healthcare ⓘ
universal social benefits ⓘ
implementedIn Denmark ⓘ
Finland ⓘ
Iceland ⓘ
Norway ⓘ
Sweden ⓘ
influencedBy Keynesian economics ⓘ
labor movement ⓘ
social democracy ⓘ
supports active labor market policies ⓘ
collective wage bargaining ⓘ
gender equality policies ⓘ
high labor force participation ⓘ

Referenced by (14)

Full triples — surface form annotated when it differs from this entity's canonical label.

Norwegians → welfareModel → Nordic model ⓘ
Denmark → hasWelfareSystem → Nordic model ⓘ
this entity surface form: Nordic welfare model
Scandinavians → associatedWithPoliticalModel → Nordic model ⓘ
this entity surface form: Nordic social democracy
Scandinavians → associatedWithWelfareModel → Nordic model ⓘ
this entity surface form: Nordic welfare state
Nordic → hasEconomicModel → Nordic model ⓘ
Scandinavia → welfareModel → Nordic model ⓘ
Nordic countries → hasPoliticalModel → Nordic model ⓘ
Nordic labour movements → influenced → Nordic model ⓘ
this entity surface form: Nordic social democracy
Minister of Health and Care Services of Norway → formsPartOf → Nordic model ⓘ
this entity surface form: Norwegian welfare state system
Danish people → welfareModel → Nordic model ⓘ
Democratic Socialism → associatedWith → Nordic model ⓘ
Birgitta Dahl → sphereOfInfluence → Nordic model ⓘ
this entity surface form: Nordic social democracy
Nordic politics → associatedWith → Nordic model ⓘ
Danish trade unions → influencedBy → Nordic model ⓘ