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The State Pension Age and Inequality in Old-age Social Security Wealth in the Netherlands

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  • Adriaan Kalwij
  • Arie Kapteyn

Abstract

Since the early 2010s, the state pension age (SPA) is one of the main public policy instruments in the Netherlands for inducing people to postpone retirement. The SPA has gradually increased from 65 years in 2012 to 66 years and 4 months in 2021. In the context of the Dutch old-age social security system, an increase in the SPA is hypothesized to decrease the retirement probability and to increase inequality in pension benefits entitlements. Empirical support for the two hypotheses is found with data on individuals aged 55–69 over the period 2011-2021. Inequality in old-age social security wealth has increased after 2015 for non-retirees. However, the findings do not support that this increase is because of the SPA increase.

Suggested Citation

  • Adriaan Kalwij & Arie Kapteyn, 2025. "The State Pension Age and Inequality in Old-age Social Security Wealth in the Netherlands," NBER Working Papers 34569, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:34569
    Note: AG
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    JEL classification:

    • H0 - Public Economics - - General

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