Expected and actual replacement rates in the pension system of the Netherlands: how and why do they differ?
Författare
Summary, in English
This study examines the expected retirement replacement rates (RRs) of several cohorts of Dutch employees at the time of their planned retirements. It also computes RRs based on the available pension records. We find that the expected replacement rate (E(RR)) is, in general, higher than the ones we compute. Larger discrepancies are found for younger cohorts and for individuals with less education and working experience. We also examine the difference between the expected and computed RRs and find that the mismatch is mostly related to poor institutional knowledge. We also show the role of assumptions about institutions and wage profiles in determining our results.
Avdelning/ar
Publiceringsår
2013
Språk
Engelska
Sidor
168-189
Publikation/Tidskrift/Serie
Journal of Pension Economics and Finance
Volym
12
Issue
2
Länkar
Dokumenttyp
Artikel i tidskrift
Förlag
Cambridge University Press
Ämne
- Economics
Nyckelord
- Replacement rate
- expected retirement
- Oaxaca decomposition
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1475-3022