25 Pages Posted: 6 Mar 2012
Date Written: March 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.
Suggested Citation: Suggested Citation
Grip, Andries De and Lindeboom, Maarten and Montizaan, Raymond Michel, Shattered Dreams: The Effects of Changing the Pension System Late in the Game (March 2012). The Economic Journal, Vol. 122, Issue 559, pp. 1-25, 2012. Available at SSRN: https://ssrn.com/abstract=2016725 or http://dx.doi.org/10.1111/j.1468-0297.2011.02486.x
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