Ageing, funded pensions and the Dutch economy

A.L. Bovenberg, T. Knaap

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

This chapter presents a discussion that seeks to identify through which different channels aging and pensions affect the Dutch economy, how these effects propagate, what the feedback effects are, and how the income distribution across and within generations is affected. It also seeks to quantify these effects through simulations that will allow one to assess the relative importance of different channels. Population in the Netherlands is expected to age in the coming decades as a result of low birth rate, lower mortality rate, and the baby boom generation. Pension system in the country consists of government-run pay-as-you-go (PAYG) system, funded compulsory occupational pension schemes, and voluntary private savings. The chapter explains the IMAGE model, benchmark path, policy instruments for pension funds, fixed premium, valuable indexation, career average pensions, government policy options, aging and labor participation, and lower rates of return.
Original languageEnglish
Title of host publicationPension Strategies in Europe and the United States
EditorsR. Fenge, G. de Menil, P. Pestieau
Place of PublicationCambridge, MA
PublisherMIT Press
Pages239-272
Number of pages304
ISBN (Print)9780262062725
Publication statusPublished - 2008

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    Bovenberg, A. L., & Knaap, T. (2008). Ageing, funded pensions and the Dutch economy. In R. Fenge, G. de Menil, & P. Pestieau (Eds.), Pension Strategies in Europe and the United States (pp. 239-272). MIT Press.