Showing 1 - 5 of 5
This paper models policy responses to changes in solvency by Dutch occupational pension funds using a unique panel dataset containing the balance sheets of all registered pension funds in the Netherlands over a period of 15 years (1993–2007). The model describes how nominal pension rights are...
Persistent link: https://www.econbiz.de/10014178088
We analyze the outcome of voting over the contribution to a pay-as-you-go (PAYG) pension system in the presence of financial and demographic shocks. The impact of shocks on pension contributions and benefits replicates major developments of pension systems around the world. A decrease in the...
Persistent link: https://www.econbiz.de/10013002540
This paper studies the labour market effects of pension fund restoration plans at a business cycle frequency. During a recession, pension funds' funding ratios typically drop significantly and regulations force funds to restore their buffers by increasing their contributions, lower future...
Persistent link: https://www.econbiz.de/10013072316
We explore voluntary participation in pension arrangements. Individuals only participate when participation is more attractive than autarky. The benefit of participation is that risks can be shared with future generations. We apply our analysis to a pay-as-you-go system, a funded system without...
Persistent link: https://www.econbiz.de/10013074748
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10013126993