Broeders, Dirk; Hilbers, Paul; Rijsbergen, David - de Nederlandsche Bank - 2013
This paper identifies the key factors driving indexation in turbulent economic times within defined benefit plans using … a unique panel dataset of 166 Dutch pension funds from 2007 to 2010. Key drivers of indexation are the funding ratio …, although the latter effect is nonlinear. The asset allocation has no significant effect on the level of provided indexation as …