The Political Economy of Wage-Earner Funds: Policy Debate and Swedish Experience

Donald George

Research output: Contribution to journalArticlepeer-review

Abstract

A wage-earners' investment fund would receive income from taxation use it to accumulate capital on behalf of wage-earners. The paper briefly surveys the various wage-earner fund proposals advanced in Europe during the 1970s and 1980s. It then analyses the arguments for and against wage-earner funds and shows that the European debate on this issue has involved much more than a purely rational appraisal of the economic costs and benefits of the various policy options. the paper then examines the experience of wage-earner funds in Sweden, the only country in which such funds have actually been established. Institutional aspects of the Swedish funds are discussed, as are their behavior and performance.
Original languageEnglish
Pages (from-to)470-490
Number of pages21
JournalReview of Political Economy
Volume5
Issue number4
Publication statusPublished - 1993

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