The Future of Retirement and the Pension System: How the Public's Expectations Vary over Time and across Socio-Economic Groups
AbstractWe analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning purchasing power of occupational pensions, eligibility and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We investigate how these expectations have changed over time and how they vary with socio-economic characteristics. Exploiting the fact that we have data until September 2010, we also analyze the effect of the recent financial and economic crisis. We find significant differences in expectations of different socio-economic groups, mainly suggesting that groups who are probably better informed were also more pessimistic.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5759.
Length: 32 pages
Date of creation: Jun 2011
Date of revision:
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Other versions of this item:
- Bissonnette, L. & Soest, A.H.O. van, 2011. "The Future of Retirement and the Pension System: How the Public’s Expectations Vary over Time and across Socio-Economic Groups," Discussion Paper 2011-065, Tilburg University, Center for Economic Research.
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-AGE-2011-06-25 (Economics of Ageing)
- NEP-ALL-2011-06-25 (All new papers)
- NEP-LAB-2011-06-25 (Labour Economics)
- NEP-LTV-2011-06-25 (Unemployment, Inequality & Poverty)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Barrett, Alan & Mosca, Irene, 2012. "Announcing an Increase in the State Pension Age and the Recession: Which Mattered More for Expected Retirement Ages?," IZA Discussion Papers 6325, Institute for the Study of Labor (IZA).
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