The labor market in Iceland, 2000-2018

Artikel

The Icelandic labor market is characterized by high union density and the Icelanders’ willingness to work, as labor force participation is high, the work week long, and people retire late. The resilience and flexibility of the Icelandic labor market was put to the test in the Great Recession as a large share of employees in the labor market experienced a fall in work hours and a fall in nominal wages, while unemployment rose less than expected. In recent years there has been a strong influx of foreign workers, mostly from Eastern Europe. Studies have shown that their labor force participation is no lower than that of Icelanders.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2020 ; Bonn: Institute of Labor Economics (IZA)

Classification and Topics

• Classification: Wirtschaft ; Trade Unions: Objectives, Structure, and Effects ; Geographic Labor Mobility; Immigrant Workers ; Wage Level and Structure; Wage Differentials ; Retirement; Retirement Policies ; Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
• Subject: flexibility ; union density ; inequality ; immigration

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ólafsdóttir, Katrín
• Event: Veröffentlichung
• (who): Institute of Labor Economics (IZA)
• (where): Bonn
• (when): 2020

Further information

• DOI: doi:10.15185/izawol.474
• Handle: http://hdl.handle.net/10419/223625
• Last update: 10.03.2025, 11:45 AM CET