Extending working life: only if it pays
To retire at a later age will become increasingly attractive if a financial reward is in sight and if health is good. Financial incentives and health are the two most important factors which determine the time of retiring. If the government wants to keep people working longer, they should invest into a more taylor-made pension system, in improving the overall health and in providing a healthier work environment.
These are the conclusions of economist Arie Kapteyn (Tilburg Un., RAND and Netspar) resulting from his research into pension behaviour of employees from 12 European countries and the US. Kapteyn presented the results from this research at the Netspar Panel of April 23 in Tilburg.
You can download his paper here.
For more information, see the press release (in Dutch).
April 4, 2008
First copy Frontiers in Pension Finance presented at DNB
On Friday April 4, 2008 the first copy of the book Frontiers in Pension Finance (Edward Elgar Publishers) was presented to Dutch Central Bank (DNB) director Joanne Kellermann. Joanne is responsible for the supervision of pension funds. The book, edited by Broeders (DNB), Sylvester Eijffinger (Tilburg Un.) and Aerdt Houben (DNB/IOPS), contains the papers that were presented at the conference of the same name in March 2007, a joint initiative of DNB, Netspar and the International Organisation of Pension Supervisors (IOPS). The book investigates the potential for pension funds, governments and supervisors to improve the efficiency and resilience of pension systems.