Introduction of decreased accruals & non-cognitive skills

On Wednesday December 20, Netspar will host a taskforce at TiU in Tilburg regarding the above subject. More information on the program and paper can be found after this.

Effects of introduction decreased accruals Bas Werker Abstract In this paper we study the generational effects of a possible change in the Dutch pension system, namely the introduction of decreased accruals. That would mean that pension entitlements for elderly workers will be lower, given the same premium, than for younger workers. Using a very simple model, we show that we can replicate CPB results on this topic. Moreover we show that the actual amounts are fairly insensitive to the level of the interest rate between 1%-3%. Non-Cognitive skills: Heterogenous incentives in the pension system and continued employment Didier Fouarge Abstract: In this paper we summarize the main findings of the literature on the relation between non-cognitive skills and retirement decisions. The paper first provides a general introduction of the literature on non-cognitive skills. Subsequently, we discuss the extent to which non-cognitive skills are related to retirement decisions. We show evidence on the extent to which non-cognitive skills affects the way how individuals adapt their retirement expectations when confronted with pension reforms. Finally, we discuss the importance of taking stock of people’s non-cognitive skills in pension communication.