Swiss society is ageing. At the same time, life expectancy is increasing. With most workers retiring around age 65, time in retirement is growing and the ratio of retirees to employees is set to soar. These developments bring a range of opportunities but will likely weigh on growth in GDP per capita and increase public spending. They may also…

Like most Western countries, Switzerland experienced an increased birth rate following World War II, followed by decades of slower growth. However, the number of those over 65 will have increased five-fold during the 20th century, and the number of those over 80 will have increased ten-fold. Thus, there is a smaller number of young people to…