Aging and the Financing of Social Security in Switzerland

Artikel

The gains in life expectancy are expected to double the dependency ratio and increase population by 10% in Switzerland until 2050. To quantify the effects on social security and public finances, we use an overlapping generations model with five margins of labor supply: labor market participation, hours worked, job search, retirement, and on-the-job training. A passive fiscal strategy would be very costly. A comprehensive reform, including an increase in the retirement age to 68 years, may limit the tax increases to 4 percentage points of value added tax and reduce the decline of per capita income to less than 6%.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 147 ; Year: 2011 ; Issue: 2 ; Pages: 181-231 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Computable and Other Applied General Equilibrium Models ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Social Security and Public Pensions ; Retirement; Retirement Policies ; Unemployment: Models, Duration, Incidence, and Job Search
• Subject: Aging ; social security ; retirement ; human capital ; unemployment

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Keuschnigg, Christian ; Keuschnigg, Mirela ; Jaag, Christian
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2011

Further information

• DOI: doi:10.1007/BF03399345
• Handle: http://hdl.handle.net/10419/185979
• Last update: 10.03.2025, 11:42 AM CET