The Distribution of Wealth in Sweden: Trends and Driving factors
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.
|Date of creation:||19 Jan 2006|
|Publication status:||Published in Steigende wirtschaftliche Ungleichheit bei steigendem Reichtum, 2006, pages 29-44.|
|Contact details of provider:|| Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden|
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- 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.