Wharton Pension Research Council Working Papers
 

Title

Insights From Switzerland’s Pension System

Document Type

Working Paper

Date of this Version

11-1-2014

Abstract

This chapter takes Switzerland’s much praised three-pillar system to illustrate some of the challenges pension system reforms face in an ageing society. It shows that policymakers are confronted by some individuals with behavioral anomalies, and by others who strategically exploitthe system. The trade-off between proviing ncentives and adequate retirement income lmitsplicy options, especially if reformers do not want to impose too many restrictions on individualchoice and avoid excessive burdens for the young generation. Pension reforms can also be seriously challenged by political constraints, in particular, when voters have a direct say onproposed changes.

Comments

The published version of this Working Paper may be found in the 2016 publication: Reimagining Pensions.

Working Paper Number

WP2014-16

Copyright/Permission Statement

All opinions, errors, findings, interpretations, and conclusions of this paper represent the views of the authors and not those of the Wharton School or the Pension Research Council. © 2014 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.

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Date Posted: 26 June 2019