Can Pension Reform Save Ageing?

Marc De Vos and Koen De Leus analyze the interaction between the development of pension saving and ageing for Belgium. Second pillar retirement saving is necessary but does not solve the acute social shortcomings of the Belgian pension landscape. Moreover, it is not a magical solution for financing ageing. Accelerated retirement saving is therefore necessary, also to reduce the risk of the famous “asset meltdown” when ageing disturbs the equilibrium between savers and spenders on the financial markets. The paradoxical conclusion therefore is that more retirement saving not only helps to fund ageing but also to protect retirement capital against ageing.

This study is only available in Dutch

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