OECD Economic Surveys: Denmark - Volume 2008 Issue 2 Book

OECD's periodic survey of the Danish economy. After examining some of the key challenges faced by Denmark, the survey looks in more detail at the fiscal strategy; promoting employment and inclusiveness; tax reform, hours worked and growth; health care; and pension savings and capital taxation.Table of Content : Executive Summary Assessment and Recommendations Chapter 1. Key Challenges for the Danish Economy -The Risk of Overheating Requires Urgent Attention -A Structural Assessment of the Danish Economy -Medium-Term Outlook and Challenges -Conclusions Annex 1.A1. Progress in Structural Reform Chapter 2. Fiscal Strategy: Keep with the Targets -What Can Be Learnt from the Successful Fiscal Management of the Past 25 years? -The New 2015 Strategy -Are the Mechanisms to Ensure that Targets are Adhered to Strond Enough? -How Should the Government's Balance Sheet be Managed? -Conclusions Chapter 3. Promoting Employment and Inclusiveness -What is Happening on the Labour Market in the Current Boom? -The NAIRU and the Phillips Curve -The Labour Share and Industry Composition -How to Support the Current Expansion and Achieve the Jobs Required by the 2015 Strategy -Conclusions Annex 3.A1. Labour Market Statistics: Register Data and the Labour Force Survey -Annex 3.A2. Phillips Curve Estimation -Annex 3A3. Labour Share Equation Estimation Chapter 4. Tax Reform, Hours Worked and Growth -The 2004 and 2008-9 Income Tax Reductions -How Much Do Income Taxes Matter for Hours Worked? -How Much Do Income Taxes Matter for Other Drivers of Economic Growth and Welfare? -Undertaking Tax Reform - Financing Income Tax Cuts -Conclusions Chapter 5. Health: A Major Fiscal Challenge -Health Status, Lifestyle and Access to Care -Spending on Health and Long-Term Care: What Will the Future Bring? -Balancing Public and Private Spending -Efficient Care: Human Resources, Incentives and Coordinated Technology Adoption -Health and Employment -Conclusions Annex 5.A1. Illustrative Model for Long-Run Trends: Is Healthcare Spending Driven by Income or Technology? Annex 5.A2. Work-Force Initiatives in the June 2007 Tri-Party Agreement and the Quality Strategy for Public Services Chapter 6. Pension Savings and Capital Taxation -Developments in Pension Savings -Flexibility and Market Openness -Taxation of Pensions and Other Capital Income -Conclusions -Annex 6.A1. What Do Operating Costs Say about Pension Funds' Efficiency?Read More