On Household Wealth Trends in Sweden over the 1990s
Influenced by major tax reform in the early 1990s and by the exceptional boom in the stock market at the end of that decade, overall wealth in Swedish households increased. So did wealth inequality. The large baby-boom cohorts of the 1940s have been successful in accumulating wealth and they also have large claims on the public pension system. The wealth implicit in the form of these claims dominates private wealth in most Swedish households, and in this paper it is argued that private life-cycle savings have been small in Sweden. Most household saving has been done though the public pension systems. However, concern about the future viability of the pension systems probably increased private life-cycle savings in the 1990s.
References listed on IDEAS
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- Klevmarken, N. Anders, 2002. "Swedish Pension Reforms in the 1990s," Working Paper Series 2002:6, Uppsala University, Department of Economics.
- Per-Anders Edin & Bertil Holmlund, 1995.
"The Swedish Wage Structure: The Rise and Fall of Solidarity Wage Policy?,"
NBER Chapters,in: Differences and Changes in Wage Structures, pages 307-344
National Bureau of Economic Research, Inc.
- Per-Anders Edin & Bertl Holmlund, 1993. "The Swedish Wage Stucture: The Rise and Fall of Solidarity Wage Policy?," NBER Working Papers 4257, National Bureau of Economic Research, Inc.
- Richard B. Freeman & Lawrence F. Katz, 1995. "Differences and Changes in Wage Structures," NBER Books, National Bureau of Economic Research, Inc, number free95-1, December. Full references (including those not matched with items on IDEAS)