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Tag: finance

OECD director: Norway can do better

More people are struggling financially in Norway. In many other European countries, the trend is similar. But for one group, the development is more dramatic in Norway than in other countries.

Poverty is inherited, but researchers believe they know how to break the cycle

The proportion of children living in poverty in Norway could be halved right now by increasing the child benefit. For long-term impact, however, researchers assert that a different approach is most effective.

Women with higher education know as little about personal finance as men with a primary school education

Women know significantly less about money, loans, and savings than men, according to a new study. The situation is worst among young women in their 20s. Researchers are concerned.

Is it worth pursuing employment if you can live off social security benefits?

Researchers have examined the finances of people in Norway who receive almost all of their income from the welfare state.

Adam Smith's ‘invisible hand’ is 300 years old

The father of economics, Adam Smith, changed the view of how values are created. But it is not self-interest and free markets that constitute the main message in Smith's work, professor believes.

Norway spends more on health per person than any other European country

Last year, Norwegians spent NOK 83,000 (about 7,430 USD) each on health.

The pay gap in Norway is getting bigger and bigger

The gap between the highest-paid jobs and the lowest-paid jobs has significantly increased over 25 years. Bonuses are one of the drivers of the pay differences.

War causes high inflation, a pandemic does the opposite

Pandemics and wars affect the economy in very different ways, researchers find. If not for the war in Ukraine, the pandemic could have resulted in many years with little or no price increases.

No gifts, no society: “It's strange how little people know about why we give each other gifts.”

“The exchange of gifts is the glue that holds society together,” one researcher says.

Did you know that you can lend money to the government?

Lending money to the government is not for everyone. But you can if you want to, by buying a government bond.

Norway could make Europe less dependent on critical minerals from China

Norway has large deposits of some rare earth metals that are important for the green shift. The Fen Complex fields in Telemark probably constitute a world-class deposit.

Researcher believes bitcoin may become as important as the internet

All the bitcoins in the world are worth no more than a third of the Norwegian Oil Fund. But researcher Svein Ølnes believes that the currency will take over the world.

The Norwegian Research Council saved: End of year grant deletes debt and ensures funding for next year

The severe cuts of research funding in Norway made international headlines and sent shock waves through the Norwegian research community. Today the government announced that it will cover the bill for the remaining deficit.

Ground rent: Norway’s new salmon tax turns economic textbook models into reality

The Norwegian Finance Minister Trygve Slagsvold Vedum believes the introduction of a salmon tax will equalize differences between Norwegians. But some economists warn against unintended consequences.