Peterson Institute for International Economics

Danish flags are pictured outside a cafe at the famous landmark Nyhavn in Copenhagen, Denmark April 18, 2017.

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REUTERS/Fabian Bimmer

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Is Denmark the new "American dream"?

Jacob Funk Kirkegaard (PIIE)

If there was an undisputed winner in the Democratic presidential debate on February 19, it was…Denmark! Its star turn came first when presidential candidate Pete Buttigieg stated flat out that the “Number One place to live out the American dream right now is Denmark,” because of the upward mobility of its citizens. Indeed, a recent study of social mobility from the Organization for Economic Cooperation and Development finds that it takes two generations for low income families in Denmark to enter the middle class—compared to five generations in the United States.

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REUTERS/Fabian Bimmer

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