Challenges to the Swedish Welfare State

Occasional Papers, October 6, 1995

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Challenges to the Swedish Welfare State

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Bibliographic details

• Authors: Desmond Lachman, Ramana Ramaswamy, J. H. Green, Robert P. Hagemann, Adam Bennett
• Published: October 6, 1995
• Series: Occasional Papers
• DOI: https://doi.org/10.5089/9781557754868.084

Summary

• Sweden's economy in the early 1990s has been characterized by a deep recession, high unemployment, a ballooning public sector budgete deficit, and a decline in the value of the currency—developments that have raised questions about the country's capacity to sustain its comprehensive welfare state.
• This study provides an analysis of recent economic developments in a longer-term context and assesses their implications for future policies.

Core findings and context

• Economic conditions highlighted:
  • "deep recession"
  • "high unemployment"
  • "a ballooning public sector budgete deficit"
  • "a decline in the value of the currency"
• The study situates these developments in a longer-term context to evaluate implications for the sustainability of Sweden's comprehensive welfare state.

Policy implications and analytical focus

• The paper assesses implications of early-1990s economic developments for future policies relating to:
  • Expenditure
  • Pension spending and Pensions
  • Labor and Labor markets, including labor market program considerations
  • Public debt and government net wealth
  • Prices and Export prices
  • Tax payment and trade performance
• Keywords indicating analytical themes: consumption shock, Europe, Export prices, government net wealth, labor market program, Labor markets, OP, pension, Pension spending, Pensions, recession, tax payment, trade performance.