Working Paper No. 1134

Wealth-Income Ratios in a Small, Developing Economy: Sweden, 1810–2014

Published: September 23, 2016Pages: 36Keywords: National wealth; Household portfolios; Pension wealth; Welfare state; Institutions; Economic historyJEL-codes: D30, E01, E02, N30

Wealth-Income Ratios in a Small, Developing Economy: Sweden, 1810–2014 Daniel Waldenström

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.

Daniel Waldenström


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Sick of Inequality?

An Introduction to the Relationship between Inequality and Health

Sick of Inequality.jpg

In this book Andreas Bergh, Therese Nilsson, IFN and Lund University, and Daniel Waldenström, IFN and Paris School of Economics, France, review the latest research on the relationship between inequality and health. What does inequality mean for our health? Does increasing income inequality affect outcomes such as obesity, life expectancy and subjective well-being?


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