Shattered Dreams: The Effects of Changing the Pension System Late in the Game

25 Pages Posted: 6 Mar 2012  

Andries De Grip

affiliation not provided to SSRN

Maarten Lindeboom

Vrije Universiteit Amsterdam; Tinbergen Institute Amsterdam; IZA Institute of Labor Economics

Raymond Michel Montizaan

Maastricht University - Department of Accounting and Information Management

Date Written: March 2012

Abstract

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

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

Andries De Grip (Contact Author)

affiliation not provided to SSRN

No Address Available

Maarten Lindeboom

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
1081 HV Amsterdam
Netherlands
+31 20 444 6033 (Phone)
+31 20 444 6020 (Fax)

Tinbergen Institute Amsterdam

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Raymond Michel Montizaan

Maastricht University - Department of Accounting and Information Management ( email )

Netherlands

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