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Experiences with Occupational Pensions in Denmark

Experiences with Occupational Pensions in Denmark
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Year:    2019

Author:    Jensen, Svend E. Hougaard, Pedersen, Torben Möger, Foxman, Tove Birgitte

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 88 (2019), Iss. 1 : pp. 11–30

Abstract

Summary: This paper focuses on the development of the funded, occupational pension (OP) system in Denmark. Launched in 1987, as a grand agreement between social partners backed by the government, and as part of the collective wage bargaining process, the Danish OP system differs from the set-up in most other countries, where OP schemes typically have been introduced as part of the legislative process. The OP schemes, being a major component of the overall Danish pension system, have attracted a lot of international attention in recent years and play a key role behind the system’s success with respect to achieving satisfactory coverage, providing high replacement rates and not least, for keeping fiscal policy on a sustainable path. Finally, the paper discusses a number of future challenges, mainly related to the interaction between private and public pensions in a welfare state.

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/vjh.88.1.11

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 88 (2019), Iss. 1 : pp. 11–30

Published online:    2019-01

AMS Subject Headings:    Duncker & Humblot, Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    20

Keywords:    D58 E21 H55 H68 J11 J26 Occupational pensions pension taxation fiscal sustainability saving retirement

Author Details

Jensen, Svend E. Hougaard

Pedersen, Torben Möger

Foxman, Tove Birgitte

  1. Sustainability of funded pension schemes: A financial position perspective using options

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    https://doi.org/10.21511/imfi.18(4).2021.10 [Citations: 2]

  2. Financial Crises and Current Account Surpluses

    Zoega, Gylfi

    Atlantic Economic Journal, Vol. 49 (2021), Iss. 2 P.159

    https://doi.org/10.1007/s11293-021-09718-1 [Citations: 0]

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Section Title Page Action Price
Svend E. Hougaard/ Jensen, Torben Möger Pedersen, and Tove Birgitte Foxmann: Experiences with Occupational Pensions in Denmark* 11
Summary 11
Zusammenfassung 11
1 Introduction 12
2 Key Features of the Danish Pension System 12
2.1 A broad overview 12
3 The Importance of OP Schemes for the Danish Economy 19
3.1 A gradual phase-out of the OP schemes 19
3.2 Converting from an ETT to a TTE principle of taxation 11
4 Further Perspectives and Lessons for Other Countries 11
References 11