In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth … assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male …. We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …

many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However …, behavioral responses to longevity and policy complicate analysis of possible reforms. Here we consider how some pension reforms … effects of pension systems on labor supply. …