Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/183363 
Year of Publication: 
2016
Series/Report no.: 
IFN Working Paper No. 1134
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
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.
Subjects: 
National wealth
Household portfolios
Pension wealth
Welfare state
Institutions
Economic history
JEL: 
D30
E01
E02
N30
Document Type: 
Working Paper

Files in This Item:
File
Size
461.83 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.