Insights from Switzerland's Pension System
Series
Pension Research Council publications/ Oxford scholarship online
ISBN
9780198755449
Type
book section
Date Issued
2016
Author(s)
Editor(s)
Mitchell, Olivia S.
Shea, Richard C.
Abstract
This chapter takes Switzerland’s much praised three-pillar system to illustrate some of the challenges reforms to pension systems face in an aging society. It shows that policymakers are confronted by some individuals with behavioral anomalies and by others who strategically exploit the system. The trade-off between providing incentives and adequate retirement income limits policy options, especially if reformers do not want to impose too many restrictions on individual choice and wish to avoid excessive burdens on the young generation. Pension reforms can also be seriously challenged by political constraints, in particular, when voters have a direct say on proposed changes.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Book title
Reimagining Pensions : The Next 40 Years
Publisher
Oxford University Press
Publisher place
Oxford
Volume
First edition
Start page
online
Subject(s)
Eprints ID
249418