Explaining the growth of funded pensions: A case study of the Netherlands

Explaining the growth of funded pension systems is a major project in political economy. Drawing on the financialization and growth models literatures, this is a case study of recent pension fund growth in the Netherlands. Newly digitized data show almost continuous net fund inflows since their post-war inauguration, while since 2006 per-worker contributions have risen by half and annual costs, mostly investor remunerations, rose to almost a third of annual benefits. The ageing-based rationalization of investments is questioned based on demographic and pension fund data. The drawbacks of pensi... Mehr ...