Kapteyn, Arie; Alessie, Rob; Lusardi, Annamaria - 1999
productivity growth and Social Security. The Netherlandsexperienced a steady growth after World War II. At the same time, it also … built up a very extensive welfaresystem. Our empirical findings show that productivity growth goes a long way in explaining … differences inincome across cohorts. Productivity growth and Social Security can explain most, if not all, of thedifferences in …