Reykjavík University, Iceland
IZA World of Labor role
Assistant Professor, Reykjavik University, Iceland
Labor economics, economic policy, and behavioral economics
Positions/functions as a policy advisor
External member of the Monetary Policy Committee of the Central Bank of Iceland
Adjunct, Reykjavik University, Reykjavik, Iceland (2003–2006); Economist, Landsbankinn Research, National Bank of Iceland, Reykjavik, Iceland (2002–2003);Head of Forecasting, National Economic Institute, Reykjavik, Iceland (1999–2002)
PhD in Labour Economics, Cornell University, Ithaca, New York, 2009
"A deep recession came with deep wage cuts." Economics Letters 189 (2020).
"Gender bias in student evaluation of teaching among undergraduate business students." Tímarit um viðskipti og efnahagsmál (Research in applied business and economics) 15:1 (2018): 75–86.
"Iceland is the best, but still not equal." Søkelys på arbeidslivet 01-02/2018 (2018): 111–126.
"Does Gneezy's cheap talk game measure trust?" Journal of Behavioral and Experimental Economics 67 (2017): 143–148 (with H.G. Gylfason).
A flexible labor market that was put to the test in the Great RecessionKatrín Ólafsdóttir, April 2020The Icelandic labor market is characterized by high union density and the Icelanders’ willingness to work, as labor force participation is high, the work week long, and people retire late. The resilience and flexibility of the Icelandic labor market was put to the test in the Great Recession as a large share of employees in the labor market experienced a fall in work hours and a fall in nominal wages, while unemployment rose less than expected. In recent years there has been a strong influx of foreign workers, mostly from Eastern Europe. Studies have shown that their labor force participation is no lower than that of Icelanders.MoreLess