Costs and Benefits of Collective Pension Systems

Costs and Benefits of Collective Pension Systems

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Recommended by Nobel Laureate Robert C. Merton, this book offers the world a first-hand opportunity to learn why the Dutch pension system is so often praised and how it operates. The book also discusses aspects of the system that are less favorable, such as implicit value transfers from younger to older generations that limit mobility of labor. Throughout the discussions, the authors provide quantitative evidence to support their assertions.Part 3 (chapters 9 and 10) goes deeper into the mandatory participation in a collective scheme. Part 4 (chapters 11 ... Participants in collective pension funds may become less willing to accept these types of ex ante value transfers in the future.

Title:Costs and Benefits of Collective Pension Systems
Author:Onno W. Steenbeek, S. G. Fieke van der Lecq
Publisher:Springer Science & Business Media - 2007-10-11


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