The Swedish pension system after twenty years

Weaver, Kent; Willén, Alexander

doi:10.1787/budget-13-5jxx3sx58x9t

Cited by 14 publications

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“…For example Sweden has not increased retirement age in recent years [52] [53] but created incentives for workers to remain employed longer [54]. Such incentives, like canceling the concept of "full pension"…”

Section: Discussionmentioning

confidence: 99%

Increasing the Pensionable Age: What Changes Are OECD Countries Making? What Considerations Are Driving Policy?

Axelrad¹,

Mahoney²

2017

JSS

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The average age of retirement used to be low in most countries due to numerous policies introduced 30 to 40 years ago which encouraged lower retirement ages. However, in response to the growth of the older segment of the population, increased life expectancy, the need for skilled workers, and the precarious financial state of public pension systems, pension reforms have been implemented in the U.S. and Europe, and are now geared towards improving employment rates for older workers, increasing retirement ages and pension eligibility. This paper surveys recent changes in retirement age and maps the changes that have occurred in the last decades using data from 34 OECD (The Organization for Economic Co-operation and Development) countries. This paper then reviews the arguments for and against these changes, the criteria for setting a certain retirement age, and the differences in statutory retirement age by gender, occupation, employment status, and other factors unique to particular countries. The purpose of this paper is to analyze current trends in terms of raising the pensionable age.

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Section: Discussionmentioning

confidence: 99%

Increasing the Pensionable Age: What Changes Are OECD Countries Making? What Considerations Are Driving Policy?

Axelrad¹,

Mahoney²

2017

JSS

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“…that in periods of large volatility, interventions by politicians are still needed (Weaver and Willén, 2014).…”

Section: Balancing the Current Systemmentioning

confidence: 99%

Towards a Universal Pension Points System in France

Boulhol

2020

Intereconomics

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could have happened in the absence of systemic reform if the political will had been such. Current French pension system Main schemes for private sector workers A specifi city of the current French system is that a private sector worker is currently covered by two mandatory public pay-as-you-go (PAYGO) schemes: a general defi ned benefi t (DB) scheme-which is the main component-managed by the state and a points scheme (Agirc-Arrco) managed by social partners, together representing about 70% of paid benefi ts. The other 30% comes from special regimes, including those covering civil servants. To get a full pension in the DB component, individuals must be older than 62 years and have contributed for 41.5 years (43 by 2035) or be older than 66 (67 in 2022) years. Contribution rates are relatively high in France, the average age of labour market exit is low and pension spending is high at about 14% of GDP (OECD, 2019a). Reforms over the last decades have increased both contribution rates and retirement ages, and lowered replacement rates (OECD, 2019b).

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“…No one can be ‘forced’ into retirement before the age of 67. This means basically that there is room for individual flexibility in one's actual retirement over an age span between 61 and 67 years of age (Weaver & Willén ). This information about the pension system is used for identifying retirees in the individual level full coverage data‐base we use in our empirical analysis.…”

Section: The Swedish Pension System and The Data Used To Study Retirementioning

confidence: 99%

Who Works Longer – and Why? Regional and Individual Characteristics in the Timing of Retirement

Klæsson

Lopez

Öner

2017

Tijd voor Econ & Soc Geog

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Who works longer --and why? This paper investigates the characteristics of people that stay longer in the workforce, even beyond the time they are eligible to retire. In our regional analysis, we use an 11-year balanced panel of 290 Swedish regions. In the individual analysis, we use a large individual level panel to apply Cox proportional hazard estimates on 'risk' of entering retirement. Our results show a large gender difference: women tend to retire earlier than men. Between employees and entrepreneurs, entrepreneurs retire later. People in larger regions tend to retire later. Higher house prices, and the share of small firms in a region correlate with a lower likelihood of retirement. The local tax rate and the share of blue-collar workers in a region is significantly related to lower retirement age. A high average wage, commuting intensity, and high human capital in a region is associated with later retirement.

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The Swedish pension system after twenty years

Cited by 14 publications

References 0 publications

Increasing the Pensionable Age: What Changes Are OECD Countries Making? What Considerations Are Driving Policy?

Increasing the Pensionable Age: What Changes Are OECD Countries Making? What Considerations Are Driving Policy?

Towards a Universal Pension Points System in France

Who Works Longer – and Why? Regional and Individual Characteristics in the Timing of Retirement

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