The Political Feasibility of Increasing Retirement Age: Lessons from a Ballot on Female Retirement Age
In 1998, the Swiss voters approved of an increase in female retirement age from 62 to 64. The referendum, being on a single issue only, offers a unique opportunity to explore the political feasibility of pension reforms and to apply theoretical models of life-cycle decision making. Estimates carried out with municipality data suggest that the outcome of the vote conforms relatively well with predictions drawn from a theoretical simulation study. There are, however, surprising gender differences even in married couples. Young agents, married middle-aged and all elderly men favor an increase in female retirement age, while middle-aged and elderly women strongly oppose it. Richer communities and those with a high proportion of self-employed or a low fraction of blue-collar workers are more likely to opt for a higher retirement age. Ideological preferences and regional differences also play a considerable role.
|Date of creation:||Nov 2000|
|Date of revision:|
|Publication status:||Published in International Tax and Public Finance, vol. 9, 2002, pp. 349-365|
|Contact details of provider:|| Postal: |
Phone: ++41 21 692.33.64
Web page: http://www.hec.unil.ch/deep/publications/cahiers/series
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Breyer, Friedrich & Craig, Ben, 1997.
"Voting on social security: Evidence from OECD countries,"
European Journal of Political Economy,
Elsevier, vol. 13(4), pages 705-724, December.
- Friedrich Breyer & Ben Craig, 1995. "Voting on social security: evidence from OECD countries," Working Paper 9511, Federal Reserve Bank of Cleveland.
When requesting a correction, please mention this item's handle: RePEc:lau:crdeep:00.27. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudine Delapierre Saudan)
If references are entirely missing, you can add them using this form.