Possible future trends in the development of pension adequacy are usually simulated using dynamic microsimulation models. These models are very complex and include many different processes. This, and the many individual interactions, makes it difficult to see which procedures and relations...

In most countries, the largest proportion of the pension benefits that are paid out to the elderly are brought together by the contributions of the active population. This type of financing is known as a Pay-As-You-Go-scheme. In this scheme, an important ‘chain of solidarity' covers for the...

This paper develops a dynamic microsimulation model with static ageing to assess the consequences of the assumptions and hypothesis of the Federal Planning Bureau on the prospective adequacy of pensions. A less technical and shorter version of this text was published as Gijs Dekkers, 2000,...