The Political Feasibility of Increasing Retirement Age: Lessons from a Ballot on Female Retirement Age

40 Pages Posted: 1 May 2001

See all articles by Monika Butler

Monika Butler

University of St. Gallen; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: April 2001

Abstract

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 favour 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.

Keywords: (Female) retirement age, life-cycle decision making, Social Security reforms

JEL Classification: D72, D91, H55, J18

Suggested Citation

Bütler, Monika, The Political Feasibility of Increasing Retirement Age: Lessons from a Ballot on Female Retirement Age (April 2001). Available at SSRN: https://ssrn.com/abstract=268679

Monika Bütler (Contact Author)

University of St. Gallen ( email )

Varnbuelstr. 14
Saint Gallen, St. Gallen CH-9000
Switzerland

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
17
Abstract Views
979
PlumX Metrics