The Distribution of Wealth in Sweden: Trends and Driving factors
AbstractReviewing trends in the Swedish distribution of wealth it is demonstrated that the baby-boom cohorts have become relatively wealthy, both in terms of private wealth and in claims on the pension system. Results from a simulation model suggest that the elderly in the future will no longer belong to the relatively poor. They will though become relatively vulnerable to swings in the financial markets because a large share of their wealth is in the form of financial assets.This paper also argues that private life-cycle savings have been relatively weak in Sweden, while most of these kind of savings have been done through the public and collective pension systems. We see, however, indications of increasing life-cycle savings.
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Bibliographic InfoPaper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 2006:4.
Length: 20 pages
Date of creation: 19 Jan 2006
Date of revision:
Publication status: Published in Steigende wirtschaftliche Ungleichheit bei steigendem Reichtum, 2006, pages 29-44.
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Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
Web page: http://www.nek.uu.se/
More information through EDIRC
Distribution of wealth; portfolio composition; notional pension wealth; baby-boom cohorts; liabilities; financial assets;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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