Shattered dreams: the effects of changing the pension system late in the game

Andries De Grip, Maarten Lindeboom, Raymond Montizaan

Research output: Contribution to journalArticleResearchpeer-review

35 Citations (Scopus)

Abstract

This article assesses the impact of a dramatic reform of the Dutch pension system on the mental health of workers nearing retirement age. The reform means that public sector workers born on 1 January 1950 or later face a substantial reduction in their pension rights while, for workers born before 1950 nothing changes. We employ a unique-matched survey and administrative dataset comprising male public sector workers born in 1949 and 1950 and find a strong deterioration in mental health for workers affected by the reform. These effects are stronger for married workers whose partner has no pension income.

Original languageEnglish
Pages (from-to)1-25
Number of pages25
JournalThe Economic Journal
Volume122
Issue number559
DOIs
Publication statusPublished - Mar 2012
Externally publishedYes

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