Davis, Steven J.; Henrekson, Magnus - Economics Institute for Research (SIR), … - 2006
. Our explanation for Sweden’s weak performance with respect to market work activity highlights the role of high tax rates … accumulation in the form of owner-operated businesses, a pension system that steers equity capital and loanable funds to large …Abstract: Following a severe contraction in the early 1990s, the Swedish economy accumulated a strong record of output …