Costs and Benefits of Collective Pension Systems

The Dutch pension system is often praised as one of the best in the world: it is efficient, it provides certainty to participants and it preserves cohesion and solidarity among workers and pensioners. This book presents these benefits in detail, supported by quantitative evidence. It also discusses...

Full description

Corporate Author: SpringerLink (Online service)
Other Authors: Steenbeek, Onno W. (Editor, http://id.loc.gov/vocabulary/relators/edt), van der Lecq, S. G. Fieke. (Editor, http://id.loc.gov/vocabulary/relators/edt)
Language:English
Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2007.
Edition:1st ed. 2007.
Subjects:
Online Access:https://doi.org/10.1007/978-3-540-74374-3
Table of Contents:
  • The concept of solidarity
  • Solidarities in collective pension schemes
  • Solidarity: who cares?
  • Quantifying solidarity
  • Operating costs of pension schemes
  • Optimal risk-sharing in private and collective pension contracts
  • Intergenerational value transfers within an industry-wide pension fund —a value-based ALM analysis
  • Intergenerational solidarity in the uniform contribution and accrual system
  • Everyone gains, but some more than others
  • Mandatory participation
  • Why mandatory retirement saving?
  • Mandatory participation for companies
  • Conclusion
  • Macroeconomic aspects of intergenerational solidarity
  • Summary and conclusions.