Executive Summary
Assessment and Recommendations
Chapter 1. Reforms Can Help to Maintain Growth
-The Risk of Overheating in the Short-Term is Growing
-The Medium and Long-Term Outlook is Rather Weak
-Mediocre Productivity Growth, but Upward-Trending Terms of Trade
-Reaping the Full Benefits from Globalisation
-Annex 1.A1. Progress in Structural Reform
-Annex 1.A2. The Welfare Commission's Main Reform Proposals
-Annex 1.A3. Monetary Transmission Analysis
Chapter 2. Raising Labour Supply to Safeguard Welfare
-Enhancing the Employment of Core Workers
-Better Including Those at the Margin of the Labour Market
-Conclusions
-Annex 2.A1. The Government's Intentions for Welfare Reform
Chapter 3. Human Capital: Getting More and Using It Better
-Improving Educatoin Provision
-Making Individual Incentives More Compatible with Societal Needs in Tertiary Education
-Conclusions
-Annex 3.A1. The Government's Globalisation Strategy
Chapter 4. Housing: Less Subsidy and More Flexibility
-Main Institutional Features
-Freeing Resources by Reducing Subsidies
-Making the Rental Market More Open and Flexible
-Supply Responsiveness and Mortgage Developments in Owner-Occupied Housing
-Conclusion
-Annex 4.A1. Progress in Housing Policy Reform
-Annex 4.A2. Danish Housing Policies in a Historical Perspective
-Annex 4.A3. The Housing Associations
-Annex 4.A4. The Development of the Danish Rent Regulation Network
-Annex 4.A5. Housing Taxation
-Annex 4.A6. Determinants of Real House Prices
-Annex 4.A7. Land Planning and Zoning Regulations
-Annex 4.A8. The Mortgage Market