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Pension reform in Sweden
Author(s) -
Ståhlberg A.C.
Publication year - 1995
Publication title -
scandinavian journal of social welfare
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.664
H-Index - 47
eISSN - 1468-2397
pISSN - 0907-2055
DOI - 10.1111/j.1468-2397.1995.tb00113.x
Subject(s) - pension , parliament , pension system , labour economics , economics , politics , demographic economics , economic policy , political science , finance , law
Pension reform has been placed on the political agenda in many countries. The Swedish parliament has decided to make significant changes in the pension system. This article presents the Swedish pension reform, which goes further than the changes in other European countries. According to the Swedish pension reform, there will be a guaranteed pension that redistributes life‐cycle incomes from rich to poor and an income‐related actuarial pension without any intra‐ and intergenerational redistributive effects (with a few exceptions). The idea is to have an actuarial contribution‐defined pension within a pay‐as‐you‐go system.