On Household Wealth Trends in Sweden over the 1990s

N. Anders Klevmarken

Microeconomics from University Library of Munich, Germany

Abstract: 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.

Keywords: distribution of wealth; tax reform; pension wealth; age-chort effects (search for similar items in EconPapers)
JEL-codes: D31 (search for similar items in EconPapers)
Date: 2004-01-15
New Economics Papers: this item is included in nep-eec and nep-mac
Note: Type of Document - pdf
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Related works:
Chapter: On Household Wealth Trends in Sweden Over the 1990s (2006)
Working Paper: On Household Wealth Trends in Sweden over the 1990s (2003)
Working Paper: On Household Wealth Trends in Sweden over the 1990s (2003)
Working Paper: On Household Wealth Trends in Sweden over the 1990's (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0401003

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