2014

What are the Policy Lessons from Sweden? On the Rise, Fall and Revival of a Capitalist Welfare State

Reprint No. 2014:41

Author(s): Andreas BerghYear: 2014 Title: New Political Economy Volume (No.): 19 (5) Pages: 662–694
Online article (restrictions may apply)
Preliminary version


This paper discusses a number of questions with regard to Sweden's economic and political development:

• How did Sweden become rich?

• What explains Sweden's high level of income equality?

• What were the causes of Sweden's problems from 1970 to 1995?

• How is it possible that Sweden, since the crisis of the early 1990s, is growing faster than most EU countries despite its high taxes and generous welfare state?

These questions are analysed using recent insights from institutional economics, as well as studies of inequality and economic growth. The main conclusion is that there is little, if any, Swedish exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion of the welfare state. The recent favourable growth record of Sweden, including the period of financial stress (2008–10), is a likely outcome of a number of far-reaching structural reforms implemented in the 1980s and 1990s.


Reference:
Bergh, Andreas (2014), "What are the Policy Lessons from Sweden? On the Rise, Fall and Revival of a Capitalist Welfare State". New Political Economy 19(5), 662–694.

Andreas Bergh

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Mob: 070 779 0734
andreas.bergh@ifn.se

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

Pages-from-2019-Calmfors-Gassen---Integrating-Immigrants-into-the-Nordic-Labour-Markets.gif

Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

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