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by alephnerd
1169 days ago
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Good point. Based on this paper from HHS back in 2000, the Wealth Gini in Sweden in 2000 was around 0.790 [0]. Btw this wealth Gini disparity between the 2000 and 2008 numbers is because the NBER's 2008 model used PPP I believe while HHS and Credit Suisse used nominal. That said, even in 2000 there was a recognition that there is an intergenerational wealth transfer competent via foundations and families. And clearly, the big picture takeaway that has been open knowledge in the economics world is that Sweden has consistently had extremely uneven asset ownership - at a level comparable to the United States and Netherlands, two other first world countries dealing with extreme amounts of instability due to asset ownership inequality. And at the end of the day, assets matter more than income. [0] - http://fmwww.bc.edu/RePEc/es2000/0883.pdf |
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