OECD Economic Surveys Iceland 2023
Immigration has increased rapidly since the late 1990s, driven largely by strong economic growth and high standards of living. By mid-2023, foreign citizens made up around 18% of the population. This has brought important economic benefits to Iceland, including by boosting the working age population...
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| Autores Corporativos: | , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
OECD Publishing
2023.
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| Edición: | 1st ed |
| Colección: | OECD Economic Surveys: Iceland Series
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009754405406719 |
Tabla de Contenidos:
- Intro
- Foreword
- Basic statistics of Iceland, 2022
- Executive Summary
- The economy remains strong, but inflation persists
- Monetary and financial policies are being tightened
- Fiscal policy should be tightened more
- Improving the business climate
- Making the most of immigration
- Decarbonising the economy
- 1 Key Policy Insights
- 1.1. Introduction
- 1.2. The economy remains strong despite some signs of cooling
- 1.2.1. Growth has peaked
- 1.2.2. The labour market remains tight, and imbalances deepen
- 1.2.3. Competitiveness could decline again
- 1.2.4. The external sector has improved overall
- 1.3. Monetary and financial policies are being tightened
- 1.3.1. The central bank has reacted resolutely to the inflation spike
- 1.3.2. The financial system looks resilient
- 1.3.3. Pensions funds are systemically important
- 1.3.4. Cybersecurity and anti-money-laundering efforts are being stepped up
- 1.3.5. The housing market is cooling, but risks remain
- 1.4. Further fiscal tightening is needed
- 1.4.1. The budget balance is improving
- 1.4.2. Public spending quality has room to improve
- 1.4.3. Ageing costs will increasingly weigh on the budget
- 1.4.4. Tax levels are average but marginal tax rates are high for working families
- 1.5. The business climate should improve to raise productivity
- 1.5.1. Barriers to entry are considerable
- 1.5.2. Temporary changes to the insolvency framework should become permanent
- 1.5.3. Support for innovation is generous
- 1.5.4. Iceland is addressing corruption vigorously
- 1.6. Climate action is progressing gradually
- References
- 2 Immigration in Iceland: addressing challenges and unleashing the benefits
- 2.1. Introduction
- 2.2. Immigration patterns in an international context
- 2.3. Immigration policy is flexible but there is scope to attract more skilled labour.
- 2.4. The economic impact of immigration is closely related to integration
- 2.4.1. The impact of immigration on GDP per capita
- 2.4.2. Labour market impacts
- 2.4.3. The impact of immigration on education
- 2.4.4. The impact of immigration on the housing market
- 2.4.5. The fiscal impact of immigration
- 2.5. Improving the labour market integration of immigrants
- 2.5.1. On average, immigrants have worse labour market outcomes than natives
- 2.5.2. Providing effective language training to adult immigrants
- 2.5.3. Ensuring efficient and timely assessment procedures for skills recognition
- 2.5.4. Helping immigrants gain job experience
- 2.5.5. Fostering employment of immigrants in the public sector
- 2.5.6. Strengthening immigrants' skills through adult learning and bridging courses
- 2.6. Enhancing the educational outcomes of immigrants' children
- 2.6.1. A large gap remains between the school performance of immigrant and native students
- 2.6.2. Improving the language skills of students with an immigrant background
- 2.6.3. Equipping immigrant students with solid vocational skills
- 2.6.4. Preparing teachers to address the educational needs of immigrant students
- 2.7. Meeting the housing needs of immigrants
- 2.7.1. Immigrants incur burdensome housing costs and face poorer housing conditions
- 2.7.2. Policies to better accommodate immigrants' housing needs and help integration
- References.
