uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Variation och förnyelse: Arbetarsparande i Sverige 1870-1914
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economic History.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economic History.
2014 (Swedish)In: Historisk Tidskrift (S), ISSN 0345-469X, Vol. 134, no 4, 615-646 p.Article in journal (Refereed) Published
Abstract [en]

Probate inventories indicate that approximately 50 per cent of married workers in Swedish towns at the turn of the 20th century had financial assets and/or owned real estate. Although profligacy of course existed, workers in general seem to have been thrifty. Those without savings often had very low incomes and many dependents. Savings and the percentage of savers increased concurrently with rising real incomes and economic surpluses. Essential were also the introduction of new savings methods that led to a decreasing cost for saving. Most important were sickness and burial funds and endowment assurances. These collective solutions for saving were well suited to workers' needs and economic capacity, and workers quickly adapted their savings habits to the new conditions. In the case of endowments, there was even a tendency that they tried to save more than they could actually afford. The adaptation to new savings methods meant that there was a renewal of working-class saving over time. Individual savings, for example in banks, were successively replaced by collective savings. The latter totally dominated at the end of the period. The extent of the renewal varied among occupational groups and towns. Also notable was the variation between families with children and those without. The former prioritized life and endowment assurances, while the latter more often accumulated funds in bank accounts. There was also a renewal in saving motives. Precautionary saving dominated, but after the turn of the 20th century saving for old age and/or bequests became more common. However, accumulated funds were generally small and insufficient for full retirement in old age. The development of working-class saving in Sweden 1870-1914 shows many similarities with the development in Great Britain, although the former started later, and was faster and more compressed. An important explanation is that real wages rose more rapidly in Sweden than in Great Britain.

Place, publisher, year, edition, pages
Stockholm, 2014. Vol. 134, no 4, 615-646 p.
Keyword [en]
working-class, Sweden, turn of the 20th century, probate inventories, household budget survey, precautionary saving, saving for old age, endowment assurances, sickness and burial funds
National Category
Social Sciences
Research subject
Economic History
Identifiers
URN: urn:nbn:se:uu:diva-237780ISI: 000346683100003OAI: oai:DiVA.org:uu-237780DiVA: diva2:768885
Projects
Eget eller offentligt sparande för ålderdomen
Funder
The Jan Wallander and Tom Hedelius Foundation, P2012-0150:1
Note

Web of Science title: Variation and renewal: Working-class saving in Sweden 1870-1914

Available from: 2014-12-05 Created: 2014-12-05 Last updated: 2017-12-05Bibliographically approved

Open Access in DiVA

No full text

Other links

Fulltext

Authority records BETA

Bäcklund, DanLilja, Kristina

Search in DiVA

By author/editor
Bäcklund, DanLilja, Kristina
By organisation
Department of Economic History
In the same journal
Historisk Tidskrift (S)
Social Sciences

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 702 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf