Expected and actual replacement rates in the pension system of the Netherlands: how and why do they differ?
(2013) In Journal of Pension Economics and Finance 12(2). p.168-189- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/3636074
- author
- Van Duijn, Mark ; Mastrogiacomo, Mauro ; Lindeboom, Maarten and Lundborg, Petter LU
- organization
- publishing date
- 2013
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Replacement rate, expected retirement, Oaxaca decomposition
- in
- Journal of Pension Economics and Finance
- volume
- 12
- issue
- 2
- pages
- 168 - 189
- publisher
- Cambridge University Press
- external identifiers
-
- wos:000316065800002
- scopus:84880533858
- ISSN
- 1475-3022
- DOI
- 10.1017/S1474747212000315
- language
- English
- LU publication?
- yes
- id
- f410c2f3-6977-4090-b184-61973e039dcc (old id 3636074)
- alternative location
- http://journals.cambridge.org/action/displayFulltext?type=1&pdftype=1&fid=8854162&jid=PEF&volumeId=12&issueId=02&aid=8854160
- date added to LUP
- 2016-04-01 10:29:15
- date last changed
- 2022-04-04 18:35:59
@article{f410c2f3-6977-4090-b184-61973e039dcc, abstract = {{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.}}, author = {{Van Duijn, Mark and Mastrogiacomo, Mauro and Lindeboom, Maarten and Lundborg, Petter}}, issn = {{1475-3022}}, keywords = {{Replacement rate; expected retirement; Oaxaca decomposition}}, language = {{eng}}, number = {{2}}, pages = {{168--189}}, publisher = {{Cambridge University Press}}, series = {{Journal of Pension Economics and Finance}}, title = {{Expected and actual replacement rates in the pension system of the Netherlands: how and why do they differ?}}, url = {{http://dx.doi.org/10.1017/S1474747212000315}}, doi = {{10.1017/S1474747212000315}}, volume = {{12}}, year = {{2013}}, }