2017

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

Reprint No. 2017:10

Author(s): Daniel WaldenströmYear: 2017 Title: Journal of Economic History Volume (No.): 77 (1) Pages: 285–313
Online article (restrictions may apply)

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.


Reference:
Waldenström, Daniel (2017), "Wealth-Income Ratios in a Small, Developing Economy: Sweden, 1810–2014". Journal of Economic History 77(1), 285–313.

Daniel Waldenström

Contact

Ph: +46 8 665 4584
Mob: +46 70 4916082
daniel.waldenstrom@if...

Interdisciplinary European Studies

The European Union in a Changing World Order

Pages-from-2019-Oxelheim-m.gif

This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. 

About the book

Events

Seminars organized by IFN

 

To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se