Life Cycle Investing and Occupational Old-Age Provision in Switzerland

• Main Author: Zainhofer, Florian (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Gabler, 2008.
• Subjects: Finance.; Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Finance, general.

Swiss economists have proposed to individualize the funded second pillar of the Swiss retirement provision system (BVG) by granting employees flexibility with respect to the contribution rate and risky asset share in their accounts. Opponents have stressed that such a reform would transfer the inves...

Table of Contents:

• Institutional framework, motivation and objectives
• Methodology: state-of-the-art
• Methodology: computational aspects
• Empirical analysis of Swiss labor income dynamics
• Illustration of life cycle portfolio choice for stylized Swiss investors
• Welfare analysis
• Conclusions.