Can the Dutch meet their own retirement expenditure goals?

Population aging and the poor performance of financial markets during recent years put the sustainability of pension arrangements in many Western countries under pressure. In order to investigate whether the Dutch will be able to cope with possible cutbacks in the generosity of pensions, we analyze their preparedness for retirement in 2008, at the eve of the prolonged slump. In contrast to previous efforts to measure preparedness for retirement, we disentangle the roles of variation in needs and accumulated resources by comparing annuitized wealth from administrative data with self-reports of... Mehr ...