More documents from Anderson, Karen M.

Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

The politics of multipillar pension restructuring in Denmark, the Netherlands and Switzerland

Die Politik der Restrukturierung des Mehrsäulen-Pensionssystems in Dänemark, den Niederlanden und der Schweiz
[working paper]

Anderson, Karen M.

fulltextDownloadDownload full text

(197 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:

Further Details
Corporate Editor Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Abstract "This paper analyzes the restructuring of private, occupational pensions in the Netherlands, Denmark and Switzerland. Despite the institutional similarities of all three systems (extensive pre-funding, collectively organized pensions, near-universal coverage), the three systems differ in important ways in terms of governance. The paper investigates the ways in which these variable governance structures shaped responses to the stock market downturn in 2001-2002. The Dutch occupational pension system experienced substantial retrenchment (shift from career earnings to average earnings formulae in defined benefit (DB) schemes as well as increased contributions) whereas the Danish and Swiss schemes sustained fewer cutbacks. The paper argues that the DB structure of Dutch pensions as well as the specifics of the regulatory framework forced a drastic adaptation to changes in financial markets, whereas the flexible defined contribution (DC) framework in Denmark and Switzerland facilitated a more modest adaptation to the market downturn." (author's abstract)
Keywords Denmark; Switzerland; Netherlands; retirement pension; pension; pension payments; pension insurance; social security agreement; private provision
Classification Social Security
Method descriptive study
Document language English
Publication Year 2008
City Berlin
Page/Pages 35 p.
Series Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Bildung, Arbeit und Lebenschancen, Abteilung Ungleichheit und soziale Integration, 2008-205
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne