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dc.contributor.authorDavis, Steven J.en
dc.contributor.authorHenrekson, Magnusen
dc.date.accessioned2012-03-28T13:02:12Z-
dc.date.available2012-03-28T13:02:12Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/56072-
dc.description.abstractFollowing a severe contraction in the early 1990s, the Swedish economy accumulated a strong record of output growth coupled with a disappointing performance in the labor market. As of 2005, hours worked per person 20-64 years of age are 10.5 percent below the 1990 peak and a mere one percent above the 1993 trough. Employment rates tell a similar story. Our explanation for Sweden's weak performance with respect to market work activity highlights the role of high tax rates on labor income and consumption expenditures, wage-setting arrangements that compress relative wages, business tax policies that disfavor labor-intensive industries and technologies, and a variety of policies and institutional arrangements that disadvantage younger and smaller businesses. This last category includes tax policies that penalize wealth accumulation in the form of owner-operated businesses, a pension system that steers equity capital and loanable funds to large incumbent corporations, and legally mandated job-security provisions that weigh more heavily on smaller and younger businesses. We describe these features of the Swedish institutional setup and provide evidence of their consequences based largely on international comparisons.en
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x647en
dc.subject.jelD13en
dc.subject.jelH30en
dc.subject.jelJ20en
dc.subject.jelL52en
dc.subject.jelO52en
dc.subject.ddc330en
dc.subject.keywordBusiness taxationen
dc.subject.keywordIndustry structureen
dc.subject.keywordSwedish economic performanceen
dc.subject.keywordTax effectsen
dc.subject.keywordTime allocationen
dc.subject.keywordWage-setting institutionsen
dc.subject.keywordWork activityen
dc.subject.stwWirtschaftskriseen
dc.subject.stwWirtschaftsreformen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwErwerbstätigkeiten
dc.subject.stwSteuerbelastungen
dc.subject.stwSchwedenen
dc.subject.stwUSAen
dc.titleEconomic preformance and work activity in Sweden after the crisis of the early 1990s-
dc.typeWorking Paperen
dc.identifier.ppn521139139en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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