Shattered Dreams: The Effects of Changing the Pension System Late in the Game
Andries De Grip
affiliation not provided to SSRN
Vrije Universiteit Amsterdam; Tinbergen Institute Amsterdam; Institute for the Study of Labor (IZA)
Raymond Michel Montizaan
Maastricht University - Department of Accounting and Information Management
The Economic Journal, Vol. 122, Issue 559, pp. 1-25, 2012
This article assesses the impact of a dramatic reform of the Dutch pension system on the mental health of workers nearing retirement age. The reform means that public sector workers born on 1 January 1950 or later face a substantial reduction in their pension rights while, for workers born before 1950 nothing changes. We employ a unique‐matched survey and administrative dataset comprising male public sector workers born in 1949 and 1950 and find a strong deterioration in mental health for workers affected by the reform. These effects are stronger for married workers whose partner has no pension income.
Number of Pages in PDF File: 25
Date posted: March 6, 2012
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