Wharton Pension Research Council Working Papers
 

Title

The Future of Retirement in Sweden

Document Type

Working Paper

Date of this Version

1-1-2004

Abstract

In 1998, Sweden transformed its Social Security system into a Notional Defined Contribution (NDC) plan financed on a pay-as-you-go basis paired with a second tier of funded individual accounts. The goal was to move toward a fiscally sustainable system tied to economic growth, with a clear link between contributions and benefits. This chapter discusses the evolution of the Swedish retirement system and the challenges confronted during the implementation of the reform. The analysis also offers an outlook for the future and discusses lessons for the US retirement system.

Comments

The published version of this Working Paper may be found in the 2005 publication: Reinventing the Retirement Paradigm.

Working Paper Number

WP2004-16

Copyright/Permission Statement

©2004 Pension Research Council of the Wharton School of the University of Pennsylvania. All Rights Reserved.

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Date Posted: 30 August 2019