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A different system: the rental market in Scandinavia

APIA vice president Peter Lewis
Wednesday 22nd of August 2018

Read any one of the many surveys that attempt to answer the question: “Which is the best country in the world at . . .” and the inevitable answer is the Nordic countries.

Why should a small group of chilly, sparsely populated and largely irrelevant countries sandwiched uncomfortably between Russia, Germany and the North Sea apparently be the home of the happiest, best educated, most socially aware and progressive people on the earth?

The answer, according to the academics, lies within the Gini Coefficient. To save you looking that up, the Gini Coefficient measures the level of wealth inequality within a country.

Running this mathematical ruler over many countries, it appears that the more equal a society becomes the better the people feel.

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