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by alephnerd·3y ago·view on hn ↗
"The question we set out to answer in this study is how the Swedish personal wealth distribution has evolved since 2007. This year, a right-wing party alliance was elected after a long period of Social Democratic rule and among its first reforms was to repeal the wealth tax ... Our main result concerning wealth inequality in Sweden is that it appears to have increased since 2007. The recorded rise in the Gini coefficient and top wealth shares is about ten percent"

https://onlinelibrary.wiley.com/doi/abs/10.1111/roiw.12294

Note that the study above only analyzed wealth in Sweden over the time period of 2007 (when the wealth tax was repealed, not 2005 as I erroneously wrote in my earlier comment) and 2012.

Germany and Norway don't share a comparable Wealth Gini (like I said above, it's WEALTH Gini, not Income Gini).

While absolute wealth inequality did grow in both NO and DE since 2008, SE's Wealth Concentration also at a much higher starting position than either NO and SE in 2008

   2008 - 2019
DE 0.667 0.816

NO 0.663 0.798

SE 0.742 0.867

2008 - https://www.nber.org/papers/w15508

2019 - https://www.credit-suisse.com/media/assets/corporate/docs/ab...

And finally, roughly the same old money families/nobility that existed in Sweden c. 1700 continue to have a roughly similar impact in Sweden c. 2012 from a social mobility standpoint.

https://faculty.econ.ucdavis.edu/faculty/gclark/papers/Swede...

1 comments
"wealth tax" is a different tax on income, inheritance tax ended in 2005.
Good point. Based on this paper from HHS back in 2000, the Wealth Gini in Sweden in 2000 was around 0.790 [0]. Btw this wealth Gini disparity between the 2000 and 2008 numbers is because the NBER's 2008 model used PPP I believe while HHS and Credit Suisse used nominal.

That said, even in 2000 there was a recognition that there is an intergenerational wealth transfer competent via foundations and families.

And clearly, the big picture takeaway that has been open knowledge in the economics world is that Sweden has consistently had extremely uneven asset ownership - at a level comparable to the United States and Netherlands, two other first world countries dealing with extreme amounts of instability due to asset ownership inequality. And at the end of the day, assets matter more than income.

[0] - http://fmwww.bc.edu/RePEc/es2000/0883.pdf