Differentiating Indexation in Dutch Pension Funds

Roel Beetsma and Alessandro Bucciol

No 10-128/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper led to a publication in 'De Economist' , 159(3), 323-360.

We investigate numerically how indexation of funded pensions for inflation can be differ-entiated across the various groups of fund participants. The pension arrangement is modelledafter the Dutch situation. While the aggregate welfare consequences are small, group-specific consequences are more substantial with the workers and future born losing and retirees bene-fitting from a shift away from uniform indexation. Those welfare shifts result from systematicredistribution of welfare rather than shifts in the benefit of risk sharing provided by the system.

Keywords: indexation; funded pensions; welfare effects; pension buffers; stochastic simulations (search for similar items in EconPapers)
JEL-codes: C61 H55 I38 (search for similar items in EconPapers)
Date: 2010-12-14
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Related works:
Journal Article: Differentiating Indexation in Dutch Pension Funds (2011)
Working Paper: Differentiating Indexation in Dutch Pension Funds (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20100128

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