Differentiating Indexation in Dutch Pension Funds
AbstractThis discussion paper led to a publication in 'De Economist' , 159(3), 323-360. We investigate numerically how indexation of funded pensions for inflation can be differ-entiated across the various groups of fund participants. The pension arrangement is modelledafter the Dutch situation. While the aggregate welfare consequences are small, group-specific consequences are more substantial with the workers and future born losing and retirees bene-fitting from a shift away from uniform indexation. Those welfare shifts result from systematicredistribution of welfare rather than shifts in the benefit of risk sharing provided by the system.
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Bibliographic InfoArticle provided by Springer in its journal De Economist.
Volume (Year): 159 (2011)
Issue (Month): 3 (September)
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Web page: http://www.springerlink.com/link.asp?id=100260
Indexation; Funded pensions; Welfare effects; Pension buffers; Stochastic simulations; H55; I38; C61;
Other versions of this item:
- Roel M. W. J. Beetsma & Alessandro Bucciol, 2010. "Differentiating Indexation in Dutch Pension Funds," CESifo Working Paper Series 3305, CESifo Group Munich.
- Roel Beetsma & Alessandro Bucciol, 2010. "Differentiating Indexation in Dutch Pension Funds," Tinbergen Institute Discussion Papers 10-128/2, Tinbergen Institute.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
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