Pension Plans and Retirement Replacements Rates in the Netherlands
24 Pages Posted: 17 Jun 2010
Date Written: January 1, 2009
Abstract
This study examines the expected retirement replacement rates of several cohorts of Dutch employees at the time of their planned retirements. It also imputes the actual replacement rates based on available pension records. We find that using reasonable indexation rates, the expected replacement rate is higher than the ones we compute. Larger discrepancies are found for younger cohorts. We research the difference between the two replacement rates and find that the mismatch is related to poor institutional knowledge. We also show the role of assumptions on institutions and wage profiles in determining our results.
Keywords: Replacement Rate, Expected Retirement, Oaxaca Decomposition
JEL Classification: J2, D84, D83
Suggested Citation: Suggested Citation
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