Costs and Benefits of Collective Pension Systems

Front Cover
Onno W. Steenbeek, S. G. Fieke van der Lecq
Springer Science & Business Media, Oct 11, 2007 - Political Science - 247 pages
In January 2006, the Dutch Association of Industry-wide Pension Funds (VB) told us about their plan to prepare a book on solidarity in collective pension systems. We were intrigued by this topic, both because of our - terest in the pension sector and because of the connection with solidarity in a cost-benefit approach. After some discussions with VB director Peter Borgdorff, we decided to start a project with leading scholars and prac- tioners, which was to result in a book. We hoped that the researchers could investigate the extent of value transfers within collective pension funds, so that quantitative indications of this institutionalized solidarity would - come publicly available. While the book was in progress, the discussion on solidarity and mandatory pension systems became very topical, and so 1 were the results of the analyses. When the book was released in Dutch , the chapter on costs differentials between pension funds and insurance companies also drew much attention. In the early months of 2007, the political and professional debates c- tinued, with increasing attention from pension experts from abroad. This made us decide to try and arrange a translated version of the book. We were happy to find Springer Verlag, and collaborate with their enthusi- tic publisher Dr. Niels Peter Thomas. We are also grateful to the Pension Science Trust (Stichting Pensioenwetenschap) for subsidizing the trans- tion by Language Lab, and to the earlier mentioned VB for their generous collaboration in getting the international edition released.

What people are saying - Write a review

We haven't found any reviews in the usual places.


2 Solidarities in collective pension schemes
who cares?
4 Operating costs of pension schemes
5 Optimal risksharing in private and collective pension contracts
6 Intergenerational value transfers within an industrywide pension fund a valuebased ALM analysis
7 Intergenerational solidarity in the uniform contribution and accrual system
8 Everyone gains but some more than others
9 Why mandatory retirement saving?
10 Mandatory participation for companies
11 Macroeconomic aspects of intergenerational solidarity
12 Summary and conclusions
About the authors
Subject index

Other editions - View all

Common terms and phrases