On the Wealth Dynamics of Swedish Families, 1984–98

Klevmarken, N. Anders

doi:10.1111/j.0034-6586.2004.00136.x

Cited by 70 publications

(33 citation statements)

References 5 publications

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“…24 The taxable amount was equal to all income plus 1/60th of taxable wealth between 1910 and 1938 and there after all income plus 1/100th of taxable wealth until 1948. 25 Our series for wealth distribution are based tax return data and are for the years 1920-1975 similar to Spånt (1975) and for the years 1978-2002 to series calculated by Statistics Sweden (2002), rather that more recent estimates based on household panel data (such as Klevmarken, 2004). In the present context these figures are most relevant as we are trying to estimate the impact of wealth concentration on income concentration rather than some measure of living standards.…”

Section: The Roles Of Factor Shares and The Wealth Distributionmentioning

confidence: 99%

The evolution of top incomes in an egalitarian society: Sweden, 1903–2004

Roine

Waldenström

2008

Journal of Public Economics

152

105

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Abstract:This study presents new homogenous series of top income shares in Sweden over the period 1903 to 2004. We find that, starting from higher levels of inequality than in other Western countries, the income share of the Swedish top decile drops sharply over the first eighty years of the century. The fall is almost entirely due to a dramatic drop in the top percentile, while the lower half of the top decile experiences virtually no change over this period. Most of the decrease takes place before the expansion of the welfare state, in fact, by 1950 Swedish top income shares were already lower than in other countries. In the past decades the Swedish top income shares developed very differently depending on whether capital gains are included or not. Including them, Sweden's experience resembles that in the U.S. and the U.K. with sharp increases in top incomes, whereas excluding them Sweden looks more like the Continental European countries where top income shares have remained relatively constant. A possible interpretation of our results is that Sweden over the past 20 years has become a country where it is more important make the right investments than to have a high salary to become rich.

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Section: The Roles Of Factor Shares and The Wealth Distributionmentioning

confidence: 99%

The evolution of top incomes in an egalitarian society: Sweden, 1903–2004

Roine

Waldenström

2008

Journal of Public Economics

152

105

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“…in Sweden than in the United States (compare the results of Klevmarken, 2002b, andWolff, 2002), they do contribute to the peak of the cross-sectional age-wealth profile because most bequests are given to middle aged people. Although not conclusive, these results suggest that population heterogeneity and bequests rather than the life-cycle hypothesis explain the shape of the raw age-wealth relationship.…”

mentioning

confidence: 99%

On Household Wealth Trends in Sweden over the 1990s

Klevmarken

2003

SSRN Journal

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“…12 The macro estimations from other studies, like Reil-Held (2004), Kessler & Masson (1989), Klevmarken (2004 and Piketty & Zucman (2015) for several countries, are at most 51%. This kind of data includes taxrelevant transfers within the households and should, therefore, necessarily be higher than ours.…”

Section: Who Receives Wealth Transfers and What Is The Value Of The Tmentioning

confidence: 93%

“…The value computed by Klevmarken (2004) for Sweden is 19%. To the best of our knowledge, cross-3 Note that the HFCS only surveys inheritances and gifts that are received from a person not living within the same household.…”

Section: The Role Of Inheritances and Inter-vivos Transfers In Relatimentioning

confidence: 95%

Intergenerational Transfers and Wealth in the Euro-Area: The Relevance of Inheritances and Gifts in Absolute and Relative Terms

Tiefensee

Westermeier

2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractPrivate wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we investigate the patterns of prevalence and level of past wealth transfers in the individual countries: Who received transfers, and what is their present value in absolute terms? We find that in most countries the percentages of households with a transfer as well as the mean present value of those transfers is increasing along the distribution of net wealth. Using a series of country-specific multivariate regressions, we find that households with higher income and education levels have both a higher probability of receiving transfers and higher absolute transfer value. We then analyze the present value of transfers as a percent of current net worth. Here, in relative terms, some of the results are reversed, as the relative importance of intergenerational transfers does not increase with the level of wealth or income. Using a fractional logit regression we conclude that for higher income quintiles the share of current net worth due to past intergenerational transfers tends to be decreasing.

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On the Wealth Dynamics of Swedish Families, 1984–98

Cited by 70 publications

References 5 publications

The evolution of top incomes in an egalitarian society: Sweden, 1903–2004

The evolution of top incomes in an egalitarian society: Sweden, 1903–2004

On Household Wealth Trends in Sweden over the 1990s

Intergenerational Transfers and Wealth in the Euro-Area: The Relevance of Inheritances and Gifts in Absolute and Relative Terms

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