Arbetsrapport, Institutet för Framtidsstudier - Institute for Futures Studies
Swedish post-war economic development. The role of age structure in a welfare state.
() and Bo Malmberg
Abstract: There are strong life cycle patterns in practically all
human behavior as well as in resources and capabilities. Variations in the
age structure therefore affect all aspects of the aggregate economy.
Swedish post-war development exhibit patterns of age structure effects on
saving, growth, investment, current account, budget balance and inflation
consistent with the dynamics of these variables in historic cycles. The
deviations of actual time series from the model predictions arise with
identifiable shifts in economic policy. The poor performance of the Swedish
welfare state 1975-1995 can partly be explained by policies working against
the underlying age structure changes.
Keywords: age structure; Swedish post-war economic development; (follow links to similar papers)
JEL-Codes: J00; (follow links to similar papers)
23 pages, August 2002
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