Sweden's economy in the early 1990s has been characterized by a deep recession, high unemployment, a ballooning public sector budget 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.
Desmond Lachman is a resident fellow at AEI.
Table of Contents
Preface
Overview
Recession and Recovery in the 1990s
The Swedish Labor Market
Public Finances, Adjustment Programs, and Debt Dynamics
Social Security in Sweden
Generational Accounts for Sweden
External Trade and the Aftermath of the 1992 Devaluation
The promise of "healthy aging" offers significant opportunities for economic growth and development for Europe in the decades ahead--if governments and citizens are willing to grasp them.
