Thats a virtuous loop. You institutions work because you trust that strangers trust your institutions.
We look down on many countries, like the US, because they tend to overwork and prioritize work over life.
Our success, like the oil fund and high ratings, has much more to do with a series of smart efforts on building a mutually beneficial society where people trust each other, the media, businesses, the police, the government etc than just hard work. Many people from all around the work hard, but just hard work doesn't lead to good societies. In fact the mantra of "hard work" often leads to the opposite - survival of the fittest to the detriment of others.
Norwegian climate is not so harsh that it makes life an perpetual fight for survival. But it's nasty enough to slap one's lazy nose every once in a while.
Norway has its natural limitations though which made for a tougher life. Like insufficient options for agriculture, one thing that made feudal system here impossible and diets fairly lean.
And well north of the city/further from the sea you can feel proper winter better, sure. Even so close as Lillestrøm it's crisper. But again, nothing unusual by North/central European standards.
(I wouldn't be sure Norway could do this today either).
In a lot of places people will immediately get suspicious if you say you're setting up a government fund to hold everyone's money. For the benefit of society, of course.