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1986 | OriginalPaper | Buchkapitel

Public Pensions and Political Decision-Making

verfasst von : H. A. A. Verbon, Frans A. A. M. van Winden

Erschienen in: Essays in Social Security Economics

Verlag: Springer Berlin Heidelberg

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In a parliamentary democracy, the introduction of a public pension, such as the AOW in the Netherlands, requires a two-fold parliamentary decision: one on the benefit level, and one on the financing system. These include the problem to what extent an intertemporal redistribution within generations should be established. From the start of the pension scheme in the Netherlands in 1956 a uniform benefit level was chosen, together with a — up to a certain maximum income level — premium proportional to income to be paid by those employed. The pension scheme is of the pay-as-you-go (PAYG) kind and allows an intertemporal redistribution of income.1

Metadaten
Titel
Public Pensions and Political Decision-Making
verfasst von
H. A. A. Verbon
Frans A. A. M. van Winden
Copyright-Jahr
1986
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-95498-6_3