Pension Plans and the Retirement Replacement Rates in the Netherlands

Mark van Duijn (), M. Lindeboom, Petter Lundborg () and M. Mastrogiacomo ()

CPB Discussion Papers from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: This study examines the expected retirement replacement rates of several cohorts of Dutch employees at the time of their planned retirement. 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 one we compute. Larger discrepancies are found for younger cohorts. We decompose the difference between the two replacement rates and find that the mismatch is related to poor institutional knowledge for the whole sample. We also show the role of assumptions on institutions and wage profiles in determining our results.

Keywords: Replacement rate; expected retirement; Oaxaca decomposition (search for similar items in EconPapers)
JEL-codes: J2 D84 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age and nep-lab
Date: 2009-01
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Persistent link: http://EconPapers.repec.org/RePEc:cpb:discus:118

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