Bonenkamp, Jan; Adema, Yvonne; Meijdam, Lex - Centraal Planbureau (CPB), Government of the Netherlands - 2013
This paper studies the redistribution and welfare effects of increasing the flexibility of individual pension take-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and life span.
We find that introducing flexible pension...