Top 3: Pension Systems in Denmark, Finland, and the Netherlands

Hougaard Jensen Svend E.Lassila JukkaMäättänen NikuValkonen TarmoWesterhout Ed

Abstract

According to the 2018 Mercer Global Pension index, the pension systems of Denmark, Finland and the Netherlands are the best three in the world. This paper seeks to identify the common elements of success of these three pension systems, including the institutional framework within which they operate. We emphasize the collective and compulsory nature of the earnings-related pension schemes and the important role for social partners in all three pension systems. We also discuss what we believe are the most important challenges these systems face.

Publication info

Series
ETLA Working Papers 66
Date
02.04.2019
Keywords
Pensions, Pension taxation, Fiscal sustainability, Saving, Retirement
ISSN
2323-2420, 2323-2439 (Pdf)
JEL
D58, E21, H55, H68, J11, J26
Pages
12
Language
English