Netspar Brief 7: Self-employed fail to fulfil their pension ambitions
When it comes to the amount of pension and the desired retirement date, self-employed and wage-employed people share the same ambitions. However, a Netspar analysis shows that the self-employed often lack, for a large part, a mandatory occupational pension. Also they save too little voluntarily, have non-substantial business equity and are vulnerable in the housing market. Therefore, they have a far lesser chance of realizing their retirement expectations.
Read the full pressrelease and the Netspar Brief (both only available in Dutch). Read the English summary here.
This Netspar Brief is part of the Netspar research program ‘Housing, Health and Retirement’.
CURRENT
The topic of the interrelationships between housing, healthcare, and retirement is part of the broader social dialogue concerning the Dutch pension system. Netspar has also made it a top priority in its research agenda. It will mainly look at the significance of the individual (individual retirement income, customization and choice).
Background
Retirement is increasingly seen as a central part of the financial planning for the benefit of old age. Thereby people are striking a balance between money now and money later. Housing and Care play an important role there, in their own way. Home ownership is both a stable place to live as a nest egg for old age. Many people worry whether they are able to meet their health care needs in old age. If households with both housing, care and retirement are engaged in financial planning for retirement, an integrated approach can offer advantages.
Reading tips
- Will we repay our debts before retirement? Or did we already, but nobody noticed? Mauro Mastrogiacomo, Design Paper 64 – November 2016
- Entrepreneurs without wealth? An overview of their portfolio using different data sources for the Netherlands, Mauro Mastrogiacomo, Rik Dillingh, Yue Li
- Where are the retirement savings of self-employed? An analysis of ‘unconventional’ retirement accounts, Mauro Mastrogiacomo, Rob Alessie
- Expected and actual replacement rates in the pension system of the Netherlands: How and why do they differ? Maarten Lindeboom, Mark van Duijn, Mauro Mastrogiacomo, Petter Lundborg
- De routekaart naar een meer integrale benadering van wonen, zorg en pensioen, Netspar-projectgroep Pensioen, Zorg en Wonen, januari 2016
- Verzilveren van overwaarde. De mogelijkheden van het woningbezit in de bekostiging van wonen, zorg en pensioen
Conijn, Johan, Bert Kramer, Jan Rouwendal en Frans Schilder, DP 03/2014-034 - Innovaties in wonen, arbeid, pensioen en de rol van pensioenfondsen, Alfred Slager en Kees Koedijk, NEA Paper 55 – September 2014
- Pensioen, consumptiebehoeften en ouderenzorg, Knoef, Marike, Arjen Hussem, Arjan Soede en Jochem de Bresser
Design Paper 31 – September 2014 - Risicoverevening voor de ouderenzorg, Bakx, Pieter, Eddy van Doorslaer en Erik Schut, Economisch Statistische Berichten, 98(4651), 20-23, January 2013, Project: Health and income, work and care across the life cycle II
- Reactie op: Wonen in je pensioen, Ewijk, Casper van en Marcel Lever, Economisch Statistische Berichten, 97(4647), 662-663, November 2012, Project: Multi-pillar pension schemes and macroeconomic performance
- Naar een dynamische toekomstvoorziening, Lans Bovenberg, Niels Kortleve, Wouter Koelewijn, NEA Paper 40 – May 2011
- Financial Literacy and Preparation for Retirement, Arthur van Soest, Henriëtte Prast, Intereconomics, 51(3), 113–118, May 2016
External reading tips (sources for NB):
- De huidige en toekomstige groei van het aandeel zzp’ers in de werkzame beroepsbevolking, Nicole Bosch, Daniel van Vuuren, Marthijn Wilkens, Gijs Roelofs (CPB Achtergronddocument, 19 december 2012)
Events
Current Research projects
- Optimal saving and insurance for old age: The role of public long-term care insurance, Eddy van Doorslaer en Erik Schut (EUR), 3-jarig thema-project, start januari 2016
- Kwantitatief onderzoek naar uitgaven aan ouderenzorg en ondersteuning, Raun van Ooijen (RUG), Marike Knoef (RUL), Jochem de Bresser (RUG) en Mart van Megen (RUG), kortlopend topicality project, start 2015
More information
For questions related to the Housing, Healhcare and Retirement theme, please contact Michael Visser.