| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12768 |
| 来源ID | Working Paper 12768 |
| Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s | |
| Steven J. Davis; Magnus Henrekson | |
| 发表日期 | 2006-12-14 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Following 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. |
| 主题 | Microeconomics ; Households and Firms ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Regulatory Economics ; Development and Growth ; Country Studies |
| URL | https://www.nber.org/papers/w12768 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570430 |
| 推荐引用方式 GB/T 7714 | Steven J. Davis,Magnus Henrekson. Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12768.pdf（390KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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