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Tag: money

The Norwegian Oil Fund is valued at 1.7 trillion USD – so why aren't taxes in Norway lower?

Researchers are questioning why all of the oil revenue is being utilised by the state.

Here, young adults may receive a trial basic income – the first such scheme in Norway

By providing a guaranteed minimum income to all young people under the age of 30 who are out of work or further education, the Norwegian Labour and Welfare Administration in this city hopes to encourage more people to enter the workforce. But will they bother to work then?

Why do people with little money make so many bad decisions?

Psychologist Ingvild Stjernen Tisløv says that people with payment problems need more professional help. This year, thousands of bank employees in Norway are being taught basic psychology.

How online games have become big business

Parents need to be vigilant, according to researcher.

New poverty trend in Norway: Food banks face increased demand

More recipients of food aid have jobs, and over half are families with children, a survey shows. A new type of poverty is emerging in Norway.

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.

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.

What happens when an economic bubble bursts?

“The moment the market realizes that there will be no more optimists, then the bubble bursts,” says the economics professor.

Buying and selling credit is worth thousands of times as much as the ‘real’ economy

Credit is about ‘time’, ‘trust’ and ‘faith’, economic historians say.

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.

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.

“High inflation leads to savings”

Inflation is at the highest it’s been in a long time. Does that mean we should stop paying off our loans and let inflation take care of it?

Young people make the least money on stocks

Old rich folks make the most money in the stock market. If you’re young and not particularly wealthy, then you’re more likely to lose money in the long run.

The richest Norwegians pay the least taxes

Researchers now see that income inequality in Norway is much greater than official figures have shown.

Why do metal detector enthusiasts find so many cheap coins, and so few valuable ones?

If the finds by metal detector hobbyists are truly representative, then Norwegian history may need to be re-written.

Christmas gift trends: Less jewellery, and ethical gifts not gaining ground

Despite society’s increasing focus on the environment, the tradition of giving each other gifts for Christmas remains deeply embedded in our culture. It’s still rare to give ethical Christmas presents. Granted, jewellery is less likely to glitter under the Christmas tree, while food and drink have become more popular as gifts.

Gamblers played and lost less after gaming company contacted them

Direct contact with those who gamble a lot can have a big impact on how much they lose, a new study shows.

Slightly more poor people in Norway

Norway’s proportion of low-income families and households is growing year by year.

Roma and Romanians opt for Oslo despite abuse

Many homeless Roma and Romanians who panhandle on the streets of Oslo have experienced being spat on, struck or kicked. Despite such incidents, many like it in Oslo and plan to return.

Strict parents can get wasteful teenagers

Youth get good economic habits if their parents talk about savings and financial planning. Kids who perceive their parents as psychologically controlling can often be just as extravagant, hedonistic spenders as ones whose parents make few demands.

Super-rich rarely start from scratch

The most prosperous business tycoons in Norway have usually had well-heeled parents. Bulging pockets tend to be a bigger initial asset than visionary talent.

How bosses can shed prejudice

Companies risk letting the best job applicants pass by when they pigeonhole them through bias. But there are methods for escaping such mental straitjackets.

Motivated employees equal satisfied customers

Employees who have fun at their jobs perform better than those who are driven by bonuses and commissions. This leads to more satisfied customers, a new study shows.

Oslo’s golden ghettos

Wealthy and well-educated citizens of Oslo clump continuously tighter together.

Economic security for young Nordic adults wanes

Circumstances for jobless persons under the age of 25 in Sweden, Finland and Norway have changed dramatically the last 15 years. Many have become poor.

Big stores enhance small ones

Lower prices and more jobs. The openings of giant retail establishments, or “big-box” stores as they are often called, have a surprisingly positive effect on a local economy.

Earmarked taxes can finance elder boom costs

We will be twice as wealthy in 2060 as we are today. But it’s doubtful that we will be eager to pay more taxes – unless we know what the money is going to.

Young college grads fall through the safety net

The Scandinavian welfare system is recognized worldwide for its generous benefits and cradle-to-grave care. But not everyone benefits equally: Norwegians who pursue higher education and then can't find work are rarely eligible for unemployment benefits.

Quantity outpaces quality in Norwegian research

Norwegian researchers publish increasingly more articles but their work is declining in quality and the country’s system for financing it deserves much of the blame, claims Norwegian professor.