The Swedish Pension System and the Economic Crisis
December 8, 2009
The brief’s key findings are:
- The economic crisis has posed a ‘stress test’ for the automatic benefit adjustments in Sweden’s pension system.
- Slow wage growth and a collapse in equity values triggered a first-time benefit cut for 2010.
- Policymakers have revised the automatic adjustments, however, to moderate the decline.
- Thus, even automatic adjustments may be affected by political considerations
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Citation
Sunden, . 2009. "The Swedish Pension System and the Economic Crisis" Issue in Brief 9-25. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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