The Future of Retirement and the Pension System: How the Public's Expectations Vary over Time and across Socio-Economic Groups

Luc Bissonnette and Arthur van Soest ()

No 5759, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning purchasing power of occupational pensions, eligibility and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We investigate how these expectations have changed over time and how they vary with socio-economic characteristics. Exploiting the fact that we have data until September 2010, we also analyze the effect of the recent financial and economic crisis. We find significant differences in expectations of different socio-economic groups, mainly suggesting that groups who are probably better informed were also more pessimistic.

Keywords: old age social security; subjective probabilities; occupational pensions (search for similar items in EconPapers)
JEL-codes: D84 H55 J26 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2011-06
New Economics Papers: this item is included in nep-age, nep-lab and nep-ltv
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Citations: View citations in EconPapers (1)

Published - published in: IZA Journal of European Labor Studies, 2012, 1:2

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Journal Article: The future of retirement and the pension system: How the public’s expectations vary over time and across socio-economic groups (2012)
Working Paper: The Future of Retirement and the Pension System: How the Public’s Expectations Vary over Time and across Socio-Economic Groups (2011)
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