Trust in (Pension) Institutions among Different Socioeconomic Groups

What was examined in the article?

The authors examine the trust of different socioeconomic groups in other people and in public, political and private institutions in the Netherlands. In addition, they look at which person characteristics (of self-employed workers and employees) determine trust in pension funds and the pension system.

What are the take-aways from the research?

Trust is relevant to the economy and human well-being. Pension funds should take into account that:

  • Public trust in funds and the pension system is relatively low.
  • Workers have more confidence in funds and the system than the self-employed.
  • The financial security of both the self-employed and employees is important for trust.
  • It is therefore important to investigate which characteristics are related to trust so that policies can pay extra attention to groups where trust is lower.

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

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