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Swedish post-war economic development. The role of age structure in a welfare state

There are strong life cycle patterns in practically all human behavior as well as in resources and capabilities. Variations in the age structure therefore affect all aspects of the aggregate economy. Swedish post-war development exhibit patterns of age structure effects on saving, growth, investment, current account, budget balance and inflation consistent with the dynamics of these variables in historic cycles. The deviations of actual time series from the model predictions arise with identifiable shifts in economic policy. The poor performance of the Swedish welfare state 1975-1995 can partly be explained by policies working against the underlying age structure changes.

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File URL: http://www.framtidsstudier.se/wp-content/uploads/2011/01/20051201133546fil9L2PSVJ75H1jTxODH1XL.pdf
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Paper provided by Institute for Futures Studies in its series Arbetsrapport with number 2003:4.

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Length: 23 pages
Date of creation: Aug 2002
Date of revision:
Handle: RePEc:hhs:ifswps:2003_004
Note: ISBN 91-89655-33-8
Contact details of provider: Postal: Institute for Futures Studies, Box 591, SE-101 31 Stockholm, Sweden
Phone: 08-402 12 00
Fax: 08-24 50 14
Web page: http://www.framtidsstudier.se
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  18. Kelley, Allen C., 1969. "Demographic Cycles and Economic Growth: The Long Swing Reconsidered," The Journal of Economic History, Cambridge University Press, vol. 29(04), pages 633-656, December.
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