Switzerland: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 188

Publication date: June 2005

ISBN: 9781451807271

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , Health Policy , Demography , ISCR , CR , Switzerland , asset , cost , government , government majority , asset type , assets of bank , government regulation , high quality asset , Aging , Health care , Health care spending , Insurance companies , Global , Europe

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Summary

This Selected Issues paper attempts to quantify the impact of the demographic shift on growth and public finances in Switzerland. It examines the intertemporal consistency between current policy plans and unfunded liabilities, focusing primarily on social security, and explores policy options. It finds that so far, the impact of aging on the economy has been moderate. The number of pensioners has risen in recent years, but this is mainly owing to early retirees taking advantage of the generous disability and pension systems. The paper also examines the need for health care reforms in Switzerland.