Challenges to the Swedish Welfare State

Desmond Lachman, Ramana Ramaswamy, J. Green, Robert Hagemann and Adam Bennett

No 1995/014, IMF Occasional Papers from International Monetary Fund

Abstract: Sweden's economy in the early 1990s has been characterized by a deep recession, high unemployment, a ballooning public sector budgete deficit, and a decline in the value of the currency- developments that have raised questions about the country's capacity to sustain its comprehensive welfare state. This study provides an analysis of recent economic developments in a longer-term context and assesses their implications for future policies.

Keywords: OP; recession; labor market program; pension; tax payment; trade performance; government net wealth; consumption shock; Labor markets; Export prices; Pensions; Pension spending; Europe (search for similar items in EconPapers)
Pages: 73
Date: 1995-10-06
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