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The national wealth of Sweden, 1810–2014
Authors:Daniel Waldenström
Institution:1. Department of Economics, Uppsala University, Uppsala, Sweden;2. CEPR, London, UK;3. IZA, Bonn, Germany;4. IFN, Stockholm, Sweden
Abstract:This study presents a new database, the Swedish National Wealth Database, which contains annual data on private, public, and national wealth and sectoral saving rates in Sweden over the past two centuries. The paper reviews previous investigations of national wealth, compares their estimates with the ones presented here and discusses method approaches and measurement problems. The main results from data series are presented for assets and liabilities and their subcomponents, for the private and public domestic and foreign sectors. By complementing the past literature with its traditional focus on economic flow variables to understand long-run economic developments, this new database offers potentially new perspectives on a number of important issues in Sweden's economic history.
Keywords:National wealth  household portfolios  saving  pension wealth  economic history
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