SHATTERED DREAMS: THE EFFECTS OF CHANGING THE PENSION SYSTEM LATE IN THE GAME
This article assesses the impact of a dramatic reform of the Dutch pension system on the mental health of workers nearing retirement age. The reform means that public sector workers born on 1 January 1950 or later face a substantial reduction in their pension rights while, for workers born before 19...
Andries De Grip
|Place of publication:||
Oxford, UK Blackwell Publishing 01.03.2012
Blackwell Publishing Ltd
OXFORD UNIV PRESS
Wiley Subscription Services, Inc
|published in:||The Economic journal (London) Vol. 122; no. 559; pp. 1 - 25|
Research Centre for Educ and Labour Mark
RS: GSBE DUHR
|Data of publication:||20120301|
Until 1 January 2002, pension benefits were calculated using wage earnings in the year prior to retirement. Since 2002, pension benefits have been calculated using average annual earnings.
We gratefully acknowledge ABP for making the administrative data available. We acknowledge the comments and suggestions of Lex Borghans, Norma Coe, Thomas Dohmen, Owen O'Donnel, Arnaud Dupuy, Hans van Kippersluis, Ben Kriechel, Jörn‐Steffen Pischke, Jan Sauermann, two referees and seminar participants at Pompeu Fabra Barcelona, the University of Sheffield, the Netspar Theme Conference on Health and Retirement, ESPE and EALE.
Corresponding author: Maarten Lindeboom, Department of Economics, VU University, Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands. Email
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