What is it about?
Aggregate debt ratios in relation to income, wealth and financial assets and how these ratios evolved between different age groups during the transformation from an agrarian to a more industrialized economy in Sweden during the nineteenth century.
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Why is it important?
Household indebtedness was substantial and increasing during the so-called industrial revolution, but at the same time the household overall wealth increased, although somewhat less rapidly in the rural areas than in the cities.
Perspectives
The paper gives a new and unknown perspective on debt and wealth accumulation during the rise of the so-called "industrial revolution"
`Over-indebtedness´ or not? Household debt accumulation and risk exposure in nineteenth century Sweden Håkan Lindgren
EHFF Research in Economic History
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This page is a summary of: ‘Over-indebtedness’ – or not? Household debt accumulation and risk exposure in nineteenth century Sweden, Scandinavian Economic History Review, February 2021, Taylor & Francis,
DOI: 10.1080/03585522.2021.1879242.
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