In the current pension contract in the Netherlands with equal contribution rates for all age groups, transfer of capital takes place within generations, namely from early retirers to stayers, and from those with a flat income profile to those with a steep income profile. With this contract with capital funded pensions, there are in principle no transfers from young to old. This article argues that it is a fable that for that reason young people benefit from the abolition of the present contribution system.
|Translated title of the contribution||The fable of the equal pension contribution rate for all age groups|
|Number of pages||1|
|Journal||Me Judice: economen in debat|
|Issue number||juli 15|
|Publication status||Published - 15 Jul 2019|