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The Distribution of Wealth in Sweden: Trends and Driving factors

Author

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  • Klevmarken, N. Anders

    (Department of Economics)

Abstract

Reviewing 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.

Suggested Citation

  • Klevmarken, N. Anders, 2006. "The Distribution of Wealth in Sweden: Trends and Driving factors," Working Paper Series 2006:4, Uppsala University, Department of Economics.
    • Handle: RePEc:hhs:uunewp:2006_004
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    File URL: http://uu.diva-portal.org/smash/get/diva2:110975/FULLTEXT01.pdf
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    References listed on IDEAS

    as
    1. Dimitrios Christelis & Tullio Jappelli & Mario Padula, 2005. "Wealth and Portfolio Composition," CSEF Working Papers 132, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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    Cited by:

    1. Fochesato, Mattia & Bowles, Samuel, 2015. "Nordic exceptionalism? Social democratic egalitarianism in world-historic perspective," Journal of Public Economics, Elsevier, vol. 127(C), pages 30-44.
    2. Per Engstrom & Bertil Holmlund, 2009. "Tax evasion and self-employment in a high-tax country: evidence from Sweden," Applied Economics, Taylor & Francis Journals, vol. 41(19), pages 2419-2430.
    3. Hallberg, Daniel, 2006. "Cross-national differences in income poverty among Europe´s 50+," Working Paper Series 2006:14, Uppsala University, Department of Economics.
    4. Manuel Melzer, 2012. "Die Verteilung von Vermögen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 38(4), pages 715-747.
    5. Claes Belfrage & Magnus Ryner, 2009. "Renegotiating the Swedish Social Democratic Settlement: From Pension Fund Socialism to Neoliberalization," Politics & Society, , vol. 37(2), pages 257-287, June.
    6. Ågren, Martin, 2006. "Prospect Theory and Higher Moments," Working Paper Series 2006:24, Uppsala University, Department of Economics.
    7. repec:clr:wugarc:y:2012:v:38i:4p:715 is not listed on IDEAS
    8. Giovanni D'Alessio, 2012. "Wealth and inequality in Italy," Questioni di Economia e Finanza (Occasional Papers) 115, Bank of Italy, Economic Research and International Relations Area.
    9. Ignazio Drudi & Giorgio Tassinari & Fabrizio Alboni, 2017. "Changes in wealth distribution in Italy (2002-2012) and who gained from the Great Recession," PSL Quarterly Review, Economia civile, vol. 70(281), pages 129-153.
    10. Bas van Bavel & Ewout Frankema, 2013. "Low Income Inequality, High Wealth Inequality.The Puzzle of the Rhineland Welfare States," Working Papers 0050, Utrecht University, Centre for Global Economic History.
    11. Johan Fritzell & Jennie Bacchus-hertzman & O. Bäckman & I. Borg & T. Ferrarini & K. Nelson, 2010. "GINI Country Report: Growing Inequalities and their Impacts in Sweden," GINI Country Reports sweden, AIAS, Amsterdam Institute for Advanced Labour Studies.

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    More about this item

    Keywords

    Distribution of wealth; portfolio composition; notional pension wealth; baby-boom cohorts; liabilities; financial assets;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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