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Differentiating Indexation in Dutch Pension Funds

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  • Roel Beetsma

    ()

  • Alessandro Bucciol

    ()

Abstract

This 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 Info

Article provided by Springer in its journal De Economist.

Volume (Year): 159 (2011)
Issue (Month): 3 (September)
Pages: 323-360

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Handle: RePEc:kap:decono:v:159:y:2011:i:3:p:323-360

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Web page: http://www.springerlink.com/link.asp?id=100260

Related research

Keywords: Indexation; Funded pensions; Welfare effects; Pension buffers; Stochastic simulations; H55; I38; C61;

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References

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Cited by:
  1. Dirk Broeders & Paul Hilbers & David Rijsbergen, 2013. "What drives pension indexation in turbulent times? An empirical examination of Dutch pension funds," DNB Working Papers 368, Netherlands Central Bank, Research Department.
  2. Dirk Broeders & Paul Hilbers & David Rijsbergen & Ningli Shen, 2014. "What Drives Pension Indexation in Turbulent Times? An Empirical Examination of Dutch Pension Funds," De Economist, Springer, vol. 162(1), pages 41-70, March.
  3. Marcin Bielecki & Karolina Goraus & Jan Hagemejer & Joanna Tyrowicz, 2014. "The Sooner The Better - The Welfare Effects of the Retirement Age Increase Under Various Pension Schemes," Working Papers 2014-12, Faculty of Economic Sciences, University of Warsaw.
  4. Karolina Goraus & Krzysztof Makarski & Joanna Tyrowicz, 2014. "Does social security reform reduce gains from increasing the retirement age?," Working Papers 2014-03, Faculty of Economic Sciences, University of Warsaw.

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