{
  "title": "Sweden: Selected Issues",
  "publication": "IMF Staff Country Reports, November 17, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/11/17/sweden-selected-issues-45415",
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  "summary": "This Selected Issues paper analyzes the high household savings in Sweden. Preliminary evidence suggests that the large increase in savings after the financial crisis may reflect the rising cost of elder care.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This Selected Issues paper analyzes the high household savings in Sweden.\n- Preliminary evidence suggests that the large increase in savings after the financial crisis may reflect the rising cost of elder care.\n- Econometric analysis appears to confirm anecdotal explanations that extended life expectancy and a preference for higher-quality residential care have contributed to higher savings.\n- Anecdotal reports indicate parental assistance in young people’s home purchases could be behind the increased saving and serves as an additional bequest motive.\n- Further analysis using more granular, household level data is needed to test alternative hypotheses for the rise in household savings and to investigate parental assistance as a bequest motive."
    },
    {
      "heading": "Findings and Analysis",
      "content": "- Large increase in household savings after the financial crisis.\n- Preliminary evidence links higher savings to rising cost of elder care.\n- Econometric analysis supports explanations involving:\n  - Extended life expectancy.\n  - Preference for higher-quality residential care.\n- Anecdotal evidence points to parental assistance for young homebuyers as an additional driver of saving."
    },
    {
      "heading": "Data Needs and Research Gaps",
      "content": "- Need for more granular data to test alternative hypotheses for the rise in household savings.\n- Household level data would significantly aid investigation of parental assistance and bequest motives."
    },
    {
      "heading": "Publication and Metadata",
      "content": "- Publication title: Sweden: Selected Issues\n- Series: Country Report No. 2017/351\n- Issue: 351\n- Volume: 2017\n- Pages: 35\n- Publication date on landing page: November 17, 2017\n- DOI: https://doi.org/10.5089/9781484329665.002\n- Stock No: 1SWEEA2017009\n- ISBN: 9781484329665\n- ISSN: 1934-7685\n- Subject: Labor, Labor markets, Real wages, Wage bargaining, Wages\n- Keywords: Baltics, CR, Europe, Global, household saving, ISCR, Labor markets, precautionary savings theory, rate, Real wages, saving, saving rate, savings behavior, wage, Wage bargaining, wage growth, Wages\n\nSource: IMF Staff Country Report No. 2017/351, \"Sweden: Selected Issues\" (November 17, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 17, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484329665.002",
    "This Selected Issues paper analyzes the high household savings in Sweden.",
    "Preliminary evidence suggests that the large increase in savings after the financial crisis may reflect the rising cost of elder care.",
    "Econometric analysis appears to confirm anecdotal explanations that extended life expectancy and a preference for higher-quality residential care have contributed to higher savings.",
    "Anecdotal reports indicate parental assistance in young people’s home purchases could be behind the increased saving and serves as an additional bequest motive.",
    "Further analysis using more granular, household level data is needed to test alternative hypotheses for the rise in household savings and to investigate parental assistance as a bequest motive.",
    "Large increase in household savings after the financial crisis.",
    "Preliminary evidence links higher savings to rising cost of elder care.",
    "Econometric analysis supports explanations involving:",
    "Anecdotal evidence points to parental assistance for young homebuyers as an additional driver of saving.",
    "Need for more granular data to test alternative hypotheses for the rise in household savings.",
    "Household level data would significantly aid investigation of parental assistance and bequest motives.",
    "Publication title: Sweden: Selected Issues",
    "Series: Country Report No. 2017/351",
    "Issue: 351",
    "Volume: 2017",
    "Pages: 35",
    "Publication date on landing page: November 17, 2017",
    "DOI: https://doi.org/10.5089/9781484329665.002",
    "Stock No: 1SWEEA2017009",
    "ISBN: 9781484329665",
    "ISSN: 1934-7685",
    "Subject: Labor, Labor markets, Real wages, Wage bargaining, Wages",
    "Keywords: Baltics, CR, Europe, Global, household saving, ISCR, Labor markets, precautionary savings theory, rate, Real wages, saving, saving rate, savings behavior, wage, Wage bargaining, wage growth, Wages",
    "**Country Report**"
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