Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185979
Authors: 
Keuschnigg, Christian
Keuschnigg, Mirela
Jaag, Christian
Year of Publication: 
2011
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 147 [Year:] 2011 [Issue:] 2 [Pages:] 181-231
Abstract: 
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%.
Subjects: 
Aging
social security
retirement
human capital
unemployment
JEL: 
D58
D91
H55
J26
J64
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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