Sweden’s pension funds curb inequality, official says

Collective pension funds in Sweden help to tame inequality derived from higher asset prices, Sveriges Riksbank deputy governor Henry Ohlsson said.

In a speech on April 12, Ohlsson acknowledged the Riksbank’s expansionary monetary policy over the last decade has contributed to higher asset prices. In most economies this has contributed to higher inequality, because this has mostly benefitted households holding equities or bonds, he noted.

Nonetheless, “there is hidden wealth in Sweden that

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