Wage Earners, Taxpayers or Everyman Capitalists? : The Making of a Mutual Fund Culture in Sweden
This chapter explains how a mutual fund culture, which strengthened the link between households and the stock market, emerged exceptionally early in Sweden. We explore the popularisation of individual shareholding through state-subsidised fund savings schemes, the Tax Funds (introduced by the centre-right government in 1978) and the similar Everyman’s Funds (introduced by the Social Democratic gov
