The redistributive impact of the general old age pensions act on lifetime income in the Netherlands

Nelissen, J.H.M.

doi:10.1016/s0014-2921(87)80037-5

Cited by 13 publications

(6 citation statements)

References 5 publications

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“…For the younger cohorts, the reverse is true. At the moment, the contribution rate lies just above the level that would hold for the situation of a capital reserve system (being about 13.5%; see Nelissen, 1987). This largely explains the decreasing redistributive impact of the AOW in the Netherlands.…”

Section: Nonequivalent Income Streamsmentioning

confidence: 88%

“…All available studies in this field (for an overview, see Nelissen, 1994, ch. 2) have strong limitations: they look only 0047-2727/95/$09.50 (~) 1995 Elsevier Science S.A. All rights reserved SSDI 0047-2727(94)01485-X at the cohort's average (e.g. Moffit, 1982), or limit themselves to some income categories or to a number of hypothetical family types (see Ferrara and Lot, Jr., 1985;Nelissen, 1987;and Boskin et al, 1987). The reason for this is that these studies cannot take account of the (larger part of the) socio-economic environment; they can only take into account the scheme under consideration and, if possible, some demographic forecasts.…”

Section: Introductionmentioning

confidence: 99%

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Lifetime income redistribution by the old-age state pension in The Netherlands

Nelissen¹

1995

Journal of Public Economics

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Lifetime income redistribution by the old-age state pension in The NetherlandsNelissen, J.H.M. General rightsCopyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights.-Users may download and print one copy of any publication from the public portal for the purpose of private study or research -You may not further distribute the material or use it for any profit-making activity or commercial gain -You may freely distribute the URL identifying the publication in the public portal Take down policyIf you believe that this document breaches copyright, please contact us providing details, and we will remove access to the work immediately and investigate your claim. AbstractThis paper looks at how the Dutch General Old-Age Pensions Act impacts the distribution of equivalent lifetime income, using a dynamic cross-sectional microsimulation model. Considering both vertical and horizontal redistributional effects, the paper shows that lifetime redistribution is considerably smaller than the redistribution measured on the basis of a period approach. The horizontal lifetime redistribution is more important than the vertical one, but this effect is rather limited, in particular due to the increasing premium percentages in combination with the regressive nature of the contribution levying.

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Section: Nonequivalent Income Streamsmentioning

confidence: 88%

Section: Introductionmentioning

confidence: 99%

Lifetime income redistribution by the old-age state pension in The Netherlands

Nelissen¹

1995

Journal of Public Economics

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“…Implementing endowment insurance can furnish workers with a safety net, safeguarding them against financial adversity in their twilight years and lessening their dependence on informal support systems such as family members [15]. By improving the social welfare system in the construction industry, endowment insurance can help to reduce economic and social inequality and promote a more just society [16,17]. Furthermore, promoting endowment insurance in the construction industry can foster a more positive and collaborative relationship between workers and employers.…”

Section: Introductionmentioning

confidence: 99%

A Qualitative Investigation of Barriers and Facilitators Involved in the Implementation of Endowment Insurance in China’s Construction Industry

et al. 2023

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Given their occupation’s inherent income instability, the promotion of endowment insurance among construction workers is essential. This research reports the barriers and facilitators involved in promoting endowment insurance to construction workers, by contextualizing it in China. It adopts a qualitative research approach combining semi-structured interviews and thematic analysis. It is discovered that the barriers include (1) construction workers’ low willingness to participate in insurance, caused by the low level of awareness and understanding of the benefits of endowment insurance, low income, unstable employment situation, and lack of trust in the insurance system, (2) companies’ irresponsibility, caused by cost pressure, lack of policy support, uncertain legal responsibilities, and (3) governments’ incomplete management, caused by insufficient funding, complex administrative procedures, weak regulation, and regional differences. A series of facilitating measures are also proposed, including (1) increasing awareness and understanding of the benefits of endowment insurance, (2) adjusting the design of the endowment insurance scheme, and (3) strengthening legislation and enforcement. This study presents an analysis of the promotion practices of endowment insurance in China’s construction industry, which can provide policymakers with valuable references for optimizing the endowment insurance system. The findings can have significant implications for China and other developing countries that may face similar challenges in promoting social security programs in aging societies.

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“…And then make out quantitatively the income distribution effect of the reform of the system. 3 There appeared such documents estimating the income distribution effects existing in the system or in the process of the reform of the system abroad early in the eighties last century (Hurd and Shoven, 1985;Nelissen, 1987). In recent years, there appeared such papers as Feldstein and Liebman(2002) and Borelia(2004) which estimated the effect of income distribution of the reform in the system in the United States and in Italy.…”

Section: Introductionmentioning

confidence: 99%