Icelandic Experience on economic crises. Legislation on equal pay

Slides:

Advertisements

Similar presentations

Policy recommendations that may contribute to better education outcomes of immigrant children The case of Switzerland ( OECD Economic Surveys 2007 )

Advertisements

Macroeconomic regime, trade openness, unemployment and inequality. The Argentine Experience. Roxana Maurizio Universidad Nacional de General Sarmiento.

Economic perspectives Charts Address by Governor Svein Gjedrem at the meeting of the Supervisory Council of Norges Bank on Thursday, 12 February 2009.

Introduction: Economic Issues Introduction: Economic Issues.

SROI Report Card: Year Four October September 2006 COURIERS TURNAROUND.

Icelandic Economy. Icelandic Economy – March 2008 International comparison Iceland is frequently ranked amongst the top 10 economies in the world in multiple.

Comments on “Optimal Financial Structures and Development” by A. Demirguc-Kunt, E. Feyen, and R. Levine Norman Loayza June 2011.

Ireland U.S August 2011 Percent job losses in recessions

Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.

The Aftermath of Financial Crises Carmen Reinhart and Kenneth Roggoff.

The Economy. Constant-price GDP and Quarterly % Change Source: Office for National Statistics.

FYRIRLESTRAMARAÞON HR 2011 | RU LECTURE MARATHON 2011 Katrín Ólafsdóttir Viðskiptadeild KONUR OG KARLAR Í KREPPU.

1 Published on August 10 th 2011 The Icelandic Economic Situation Status Report.

WAGES AND SALARIES TRENDS IN ITALY September the 26th, 2013 International Trade Union House Brussels Dr. Lorenzo Birindelli 1.

Governor Stefan Ingves Introduction on monetary policy Riksdag Committee on Finance 18 September 2012.

Copyright © 2010 Pearson Addison-Wesley. All rights reserved. Chapter 8 Measuring the Economy’s Performance.

The Icelandic economy– spring forecast 2008 National economic forecast for Is a hard landing imminent? Thorsteinn Thorgeirsson, Director-General,

Structural reforms for long-term growth September 30, 2013 Zuzana Šmídová, OECD.

Benefits v Tax The best method to solve inequality of poverty?

Nafn fyrirlestrar (Edit/Breyta - Header/Footer) 1October 11, 2015 The Icelandic banks  After the collapse of the Icelandic banking system Glitnir, Landsbanki.

Role of the Bank & the economic outlook Glynn Jones Agency for the West Midlands & Oxfordshire NAVA Conference – 25 September 2014.

Economic perspectives, annual address 2009 Economic Bulletin1/09.

Growth and Inequality in India and Brazil Cebrap-IHD project on Labour Market Inequality in Brazil and India December 2013.

Missouri Economic Update What to Expect in 2014 Dr. David Mitchell, Director Bureau of Economic Research.

The Greek Economy Recent Developments Elias Ioakimoglou 2/10/2000.

Income and Wealth Distribution. Poverty Absolute Poverty: A situation where individuals do not have access to the basic requirements of life – food,

G20 labour markets: outlook, key challenges and policy responses Presentation by ILO Director General Guy Ryder Labour and Employment Ministerial Meeting.

Labour market situation, challenges and opportunities G20 Task Force on Employment Sydney 5-6 th February 2014 International Labour Office (ILO) January,

Gross Domestic Product Definition of Gross Domestic Product Why are Changes in Real Gross Domestic Product Important? Explanations of GDP and its Components.

AN OVERVIEW OF THE BRAZILIAN ECONOMY Bruno De Conti University of Campinas – Brazil RUDN – Moscow.

Chapter 1 Introduction and Measurement Issues Copyright © 2011 Pearson Addison-Wesley. All rights reserved.

G20 TURKEY 2015 MoLSS. G20 TURKEY Employment and Growth in Interaction Strengthening the link between employment and growth Enhancing policy coherence.

Manuela Tomei Director Conditions of Work and Equality Department International Labour office (ILO) Global Wage Report 2014/15.

Public policy and European society University of Castellanza

Inflation Report February 2017

Family Policy across the OECD

Seminar presentation:

U.S. Economic Performance

Today’s Economic Situation: The Great Recession, The Recovery, Where We (May Be) Going? Principles of Macroeconomics 2/24/12.

INCOME DISTRIBUTION AND POVERTY ERADICATION

Family Policy across the OECD

Why Study Financial Markets?

What Works in Hard Times

Economic benefits of gender equality in the EU

Brexit and the UK Economy

The Icelandic Economic Programme

Macroeconomic 2.3.

Key findings of the Country Report for Slovenia 2018

Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20 GPN Meeting

A2 Business Studies Unit 4

IER Employment Law Update

Income Inequality Overview Spring Semester, 2018

Unit Three Review Macroeconomics.

Turkish economy and banking sector 36th Meeting of the EU-Turkey JCC

FEPS YAN Gender & Crisis Working Group

ECONOMICS: October 24 Warm-up Give an example of the following (items that would NOT be included in GDP): 1. an intermediate product; 2. a secondhand.

ECONOMICS: March 20 Warm-up: Give an example of the following (items that would NOT be included in GDP): 1. an intermediate product; 2. a secondhand.

Insecurity, poverty and inequality: A temporary blip or here to stay?

Gross Domestic Product Real Gross Domestic Product

CONGRESS Women’s Conference Building Equality into Recovery

COUNTRY PRESENTATION PART ONE

Tax as a gender issue James Browne, OECD, Directorate for Employment, Labour and Social Affairs.

Capitalism and inequality - a gendered perspective

The Icelandic Economic Programme

Minister of Social affairs and Housing

opportunities and challenges of global economic changes

IER Employment Law Update

Effectiveness of Minimum Income Schemes in the reduction of poverty

Bilateralism in Iceland

Income and wealth Is efficiency, specialisation and trade benefitting everyone? If not who gains who loses?

Presentation transcript:

Icelandic Experience on economic crises. Legislation on equal pay Eyglo Hardardottir Project manager for 2nd stage housing Domestic Shelter Iceland Member of Althingi 2008-2017 Minister of Social affairs and Housing 2013-2016

Pre-2007

Financial crisis 2007-2008

Landsbankinn, Glitnir, Kaupthing collapse First Glitnir (announced intentions to nationalise the bank the 29th of September, then taken over by the Financial Supervisory Authority on the 8th of October), then Landsbankin the 7th of October. Landsbankinn, Glitnir, Kaupthing collapse By Holi-holi - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=17447210

Why?

GDP

Unemployment

Real wage growth

Gini – income distribution of OECD´s residents

Average wages 2017

Government Labour market Social benefits Did gender matter?

Equal pay certification

The Gender pay Gap 2008-2016 YEAR EXPLAINED NON EXPLAINED TOTAL 2008-2010 9,7 4,8 14,5 2009-2011 8,6 4,6 13,2 2010-2012 8,2 12,8 2011-2013 7,9 4,5 12,4 2012-2014 7,2 4,4 11,6 2013-2015 6,8 4,1 10,9 2014-2016 6,6 3,6 10,2 2008-2016 7,4 12,2 The Gender pay Gap 2008-2016