Advanced Search
MyIDEAS: Login to save this paper or follow this series

The sustainability of the Dutch pension system

Contents:

Author Info

  • Jan Kakes
  • Dirk Broeders

Abstract

This study addresses the sustainability of the Dutch system of supplementary pensions, that is, supplementary to the state old-age pension. Traditionally, the system is characterised by high-quality defined-benefit schemes that offer members a high degree of pension security. However, the pension landscape has been subject to vast changes. The population is ageing, the effects of globalisation are making themselves increasingly felt and, in the world at large, defined-contribution schemes are becoming ever more usual. Competition in the pensions sector is being encourage, for instance by permitting pension funds to operate cross-border schemes within Europe. In addition, a decision has recently been made about a new statutory framework for pension arrangements. The present study reviews the financial consequences of these developments for the Dutch pension system. It does so by describing the principal pension risk in relation to the pension funds' financial policies, by examining recent changes in the Dutch pension system, and by analysing the pension sector's vulnerability to macro-economic shocks through simulations. The study concludes that the recent changes in pension schemes and in pension funds' financing have enhanced the system's controllability and, hence, its sustainability.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.dnb.nl/en/binaries/DNB_Occ_eng_tcm47-146651.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Netherlands Central Bank, Research Department in its series DNB Occasional Studies with number 406.

as in new window
Length:
Date of creation: Nov 2006
Date of revision:
Handle: RePEc:dnb:dnbocs:406

Contact details of provider:
Postal: Postbus 98, 1000 AB Amsterdam
Web page: http://www.dnb.nl/en/
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Voňková, Hana & van Soest, Arthur, 2009. "How Sensitive Are Retirement Decisions to Financial Incentives: A Stated Preference Analysis," IZA Discussion Papers 4505, Institute for the Study of Labor (IZA).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:dnb:dnbocs:406. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rob Vet).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.