Arbeitspapier

Wealth-income ratios in a small, developing economy: Sweden, 1810-2014

This study uses new data on Swedish national wealth over the last two hundred years to examine whether the patterns in wealth-income ratios found by Piketty and Zucman (2014) extend to small and less developed economies. The findings reveal both similarities and differences. During the industrialization era, Sweden's domestic wealth was relatively low because of low saving rates and instead foreign capital imports became important. Twentieth century trends and levels are more similar, but in Sweden government wealth grew more important, not least through its relatively large public pension system. Overall, the findings suggest that initial conditions and economic and political institutions matter for the structure and evolution of national wealth.

Sprache
Englisch

Erschienen in
Series: IFN Working Paper ; No. 1134

Klassifikation
Wirtschaft
Distribution: General
Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
Institutions and the Macroeconomy
Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: General, International, or Comparative
Thema
National wealth
Household portfolios
Pension wealth
Welfare state
Institutions
Economic history

Ereignis
Geistige Schöpfung
(wer)
Waldenström, Daniel
Ereignis
Veröffentlichung
(wer)
Research Institute of Industrial Economics (IFN)
(wo)
Stockholm
(wann)
2016

Handle
Letzte Aktualisierung
20.09.2024, 08:22 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Waldenström, Daniel
  • Research Institute of Industrial Economics (IFN)

Entstanden

  • 2016

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