Rehn-Meidner model

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The Rehn-Meidner model is a macroeconomic model developed in 1951 by the trade union economists of the research department of the Swedish trade union confederation LO , Gösta Rehn and Rudolf Meidner , which is based on the interaction of a strict fiscal , solidarity wage and a forced active labor market policy .

The solidarity-based wage policy is intended to push unprofitable companies out of the market, while profitable companies benefit from their comparatively low wage costs , the laid-off workers are qualified for new jobs by means of the active labor market policy and inflation is controlled by a restrictive fiscal policy .

Until the late 1980s, Sweden was probably the most prominent example of a social democratic path to full employment internationally . This goal could be sustained even during the rapid growth of the post-war period and the economic crises of the 1970s and 1980s. The central contents of Swedish labor market policy since the post-war period are the principle of full employment and the solidarity wage policy pursued with its theoretical equivalent in the Rehn-Meidner model.

literature

  • Erixon, Lennart: The Rehn-Meidner model in Sweden: its rise, challenges and survival . Stockholm 2008. ( PDF ).
  • Zinn, Karl Georg: Why are the Swedes the better social democrats? On the importance of intercultural differences , Keynes Society discussion paper No. 4/2007 ( PDF ).