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...

A new Swedish dataset is used to examine the relationships between education, experience and earnings. We focus on four issues, namely (i) the determinants of starting salaries, (ii) the relationship between post-school-investment in human capital and wage growth, (iii) the determinants of...

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...