Productivity growth has been slow. Competition in the telecoms and energy sectors needs to be sharpened. Support to agriculture should be further curtailed, and more free-trade agreements should be concluded. Greater female market employment should be promoted to increase inclusiveness and ensure that women’s large stock of skills are fully utilised.
- Increasing the supply of childcare facilities and introduce individual taxation to improve labour participation of women.
- Extend the network of free-trade agreements, including with India.
- Step up public funding of pre-schools and increase enrolment of immigrant children. Improve access to tertiary education for poorer students.
- Shift taxes towards indirect taxation.
Source: OECD May 2017 Economic Outlook database.
OECD (2015), OECD Economic Surveys: Switzerland 2015, OECD Publishing, Paris.
Siegenthaler, M. (2015), “Has Switzerland Really Been Marked by Low Productivity Growth? Hours Worked and Labor Productivity in Switzerland in a Long-run Perspective”, Review of Income and Wealth, 61: 353–372.
Maurer C. and A. Christen (2014), Productivity in Switzerland: Hard work, no rewards.
Productivity - enhancing institutions