The OECD’s Risks that Matter (RTM) Survey has offered data-driven insights into people’s risk perceptions and preferences for social protection since 2018. Today, the Swiss are less worried than the OECD average about all social and economic risks – from health to education to employment to violence. Concern is highest for not being able to pay all expenses and make ends meet and becoming ill or disabled.
As technology changes labour markets, respondents in Switzerland anticipate negative impacts at similar or slightly lower levels than the OECD average (Figure 1). Reflecting this, Swiss respondents are equally or less supportive of related policy actions. Support is highest for investment in training and education and preferential hiring for domestic workers (Figure 2).
Longer life expectancy and declining fertility contribute to population ageing, with negative implications for economic growth and the financing of social protection. Swiss respondents are less concerned about population ageing than the OECD average. In line with this, respondents in Switzerland are less supportive of related measures, but support is highest for those measures that increase labour supply, especially among women and underrepresented groups, and increase technology use (Figure 3).
Population ageing and competing demands for resources are narrowing the fiscal space for social programmes. These changes are taking place against a backdrop of high levels of debt, a high-interest rate environment, and declining public willingness to pay for social protection. In Switzerland, willingness to pay 2% more for better social protection has declined since the pandemic for all policy areas (Figure 4). Declines have been largest for pensions, long-term care and disability/incapacity supports.