Changing Work–Life Inequality in Sweden: Globalization and Other Causes

Abstract

In the three decades following World War II, macroeconomic conditions were generally favourable throughout the Western world. Economic growth was high, and unemployment and inflation low. At the same time, economic inequality was decreasing. This long period of positive change came to a halt in the early 1970s with the first oil crisis in 1973 and the advent of stagflation. After 10–15 years of poor macroeconomic performance, including a second oil crisis in 1979, a new trend pattern emerged in the 1980s. Inmany Organisation for Economic Co-operation and Development (OECD) countries, economic growth picked up and inflation went down. Rates of unemployment and wage inequality, however, continued to be problematic.

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