Copenhagen Economics has conducted an analysis of the inequality in Denmark. In contrast to what seems to be the general public opinion, the study shows that inequality has not increased noticeably for the last 20 years.
The study is based on solid data from OECD and examines the development in various factors, including
- distribution of income after tax
- pension savings
- value of real estate
‘The distribution of income and wealth has been fairly stable over the last twenty years in Denmark. Looking at after-tax income, the difference between the highly educated and the less educated has not grown significantly – wages have all followed suit. The pension inequality has actually decreased since the early 1980s, as pension savings have become far more prevalent among both skilled and unskilled workers today. The only increase in inequality is within real estate, however this inequality is not between different income groups, but between young and old, especially in the larger cities’, says Partner Sigurd Næss-Schmidt, who has conducted the analysis for Axcelfuture.
Sigurd Næss-Schmidt elaborates on the conclusions in the radio show ‘Orientering’ on P1, DR later today.
For further information, please contact Sigurd Næss-Schmidt directly