This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We … substantial welfare gains. An increase in the tax deductability of pension contributions can be beneficial for working cohorts …

In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change … perfect control over the individuals' labor supply and retirement-decisions, the results show that a decrease in the standard … deviation of life-length leads to an increase in the optimal retirement age and vice versa, if the preferences for “the number …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

We investigate numerically how indexation of funded pensions for inflation can be differentiated across the various … groups of fund participants. The pension arrangement is modelled after the Dutch situation. While the aggregate welfare …

We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt …. We use a multi-period overlapping generations model with a PAYG pension pillar, a funded pension pillar and a government …. Shocks are smoothed via the public debt and variations in the indexation of pension entitlements and the pension contribution …

This paper discusses mandatory participation in Dutch occupational pension schemes. While mandatory participation is a … historical feature of most second-pillar pension arrangements, some recent developments may affect the case for mandatory … participation. The main ones are the revision of the Dutch supplementary pension contract, changes in the prudential supervisory …

pension incomes ought to be taxed specifically. To do this, one has to distinguish between public and private pensions. The …There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes … are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … to study this question. As of 2005 (with a phase-in period between 2002-04), the German pension administration started to …

The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly …, many studies of migration’s impact on pensions often focus on aggregate outcomes – system sustainability or distributive … systems – with a focus on retirement. The paper argues that such effects are non‐negligible and are likely to have major …