Life Cycle Investing and Occupational Old-Age Provision in Switzerland PDF
298 Pages·2008·2.379 MB·English
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Swiss economists have proposed to individualize the funded second pillar of the Swiss retirement provision system (BVG) by granting empolyees flexibility with respect to the contribution rate and risky asset share in their accounts. Opponents have stressed that such a reform would transfer the investment risk from pesion to financially illiterate employees and thus imply a welfare loss.
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