Using a panel of 260 Swedish municipalities over the period 1987-1996, this paper investigates the direct displacement effects of active labour market programmes (ALMPs). Compared to earlier studies on this topic, we have more and better data. From our GMM estimations, we find that (i) there are...

What can changes in tax structure accomplish? The Swedish tax reform of 1991 is the most far-reaching reform in any industrialized country in the post-war period. It represents a thorough application of a strategy of rate cuts cum base broadening, and it has affected a myriad of economic...

This paper reexamines the link between career interruptions and subsequent wages. Using a rich new Swedish dataset, we are able to disaggregate time out of work into several components. However, we find that different types of time out have different effects on wages and that these effects vary...

During the last decade most western economies have experienced large and unexpected fluctuations in consumption and savings. The purpose of this paper is to provide additional insights into the individual household's consumption decision and thereby increase the knowledge of what governs these...