Stochastic Generational Accounting Applied to Reforms of Dutch Occupational Pensions

25 Pages Posted: 1 Jul 2014

See all articles by Nick Draper

Nick Draper

CPB Netherlands Bureau of Economic Policy Analysis

Casper Van Ewijk

Universiteit van Amsterdam; Netspar

Marcel Lever

CPB Netherlands Bureau of Economic Policy Analysis

Roel Mehlkopf

Tilburg University; Cardano Risk Management

Date Written: May 30, 2014

Abstract

This paper examines stochastic or 'value based' generational accounting as a method to assess the intergenerational redistributive impact of pension reform. The analysis is applied to three policy changes to the regulation of Dutch occupational pensions during the years 2012 and 2013 that mark the transition from defined benefit pensions to 'defined ambition' pension schemes.

Keywords: Pre-funded pension schemes, value-based generational accounting, market valuation, asset pricing, scenario analysis

JEL Classification: G12, G18, G23, H68

Suggested Citation

Draper, Nick and Van Ewijk, Casper and Lever, Marcel and Mehlkopf, Roel, Stochastic Generational Accounting Applied to Reforms of Dutch Occupational Pensions (May 30, 2014). Netspar Discussion Paper No. 05/2014-019, Available at SSRN: https://ssrn.com/abstract=2460681 or http://dx.doi.org/10.2139/ssrn.2460681

Nick Draper

CPB Netherlands Bureau of Economic Policy Analysis ( email )

P.O. Box 80510
2508 GM The Hague, 2585 JR
Netherlands

Casper Van Ewijk (Contact Author)

Universiteit van Amsterdam ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands

Netspar ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Marcel Lever

CPB Netherlands Bureau of Economic Policy Analysis ( email )

P.O. Box 80510
2508 GM The Hague, 2585 JR
Netherlands

Roel Mehlkopf

Tilburg University ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

HOME PAGE: http://www.tilburguniversity.edu

Cardano Risk Management ( email )

Rotterdam 3011 AA
Netherlands

HOME PAGE: http://https://www.cardano.com/nl-NL

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