Hannah’s Quicktakes
Why Criticism of the Second Pillar Is Just Not Cricket!
Hannah Wise · There is some criticism that the second pillar on the Swiss pension system is on shaky ground. But not everything is as it seems. Nowadays, many pensioners draw their capital as a lump sum instead of a monthly pension. If this is taken into account, the alleged reduction in benefits turns out to be largely a phantom.
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New Publication
A Second Pillar That's Stronger than It Looks
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How well can occupational pensions withstand rising life expectancies and financial market turbulence? In a new analysis, Jérôme Cosandey and Sonia Estevez explain why the second pillar is still going strong, despite general belief.
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Jérôme Cosandey & Sonia Estevez
Link to the publication |
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Essential of the Month
Industrial Policy Is an Illusion
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A policy of active intervention in the economic structure rarely delivers on its promises. In the latest Essential, Lukas Schmid and Laurenz Grabher analyze the impacts of the international industrial policy on the Swiss economy. |
Lukas Schmid & Laurenz Grabher
Link to the publication
Link to the video with author Lukas Schmid |
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The Figure
Since 2013, 123 start-ups in the field of artificial intelligence (AI) have emerged in Switzerland. According to the Stanford AI Index, Switzerland is far behind the USA (5509 AI start-ups), leader of the ranking. However, considering the different population sizes, only Israel, Singapore and the USA have more AI start-ups per capita than Switzerland. (PLE/LIM) |
Other Highlight
Beyond Bread and Games
The ongoing European Football Championships and the upcoming Summer Olympics in Paris belong to the category of mega-events where billions are at stake – and therefore politics is always on the pitch. Jürg Müller outlines the five economic principles that are advantageously observed when organising major events.
Bread and Games |
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