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Interestingly while income inequality in Sweden is fairly low, wealth inequality there is one of the highest in the world and higher than in the US (https://en.
by qwytw 6y ago
Interestingly while income inequality in Sweden is fairly low, wealth inequality there is one of the highest in the world and higher than in the US (https://en.wikipedia.org/wiki/List_of_countries_by_wealth_equality https://en.wikipedia.org/wiki/List_of_countries_by_wealth_eq...)
- highfreq 6y agoI'd guess that this is similar to the Netherlands, where it is primarily a function of household debt, and many households having negative net housing equity. [https://ec.europa.eu/info/sites/info/files/economy-finance/eb053_en.pdf https://ec.europa.eu/info/sites/info/files/economy-finance/e...] The wealth inequality gini coefficient is not very useful and misleading. You could have a country where people choose to take on debt when they are young, and all of them end up with the same higher level of wealth later in life. This would be a very equal society, but could have a very high wealth inequality gini coefficient. To actually judge the wealth inequality of a society the analysis should be done cross-sectionally, comparing within age cohorts. [https://www.sv.uio.no/esop/english/publications/articles/2012/almas-older.pdf https://www.sv.uio.no/esop/english/publications/articles/201...]