Monday, March 1, 2010

DeWitte, Roels, and Stevens on The Matthew Effect: Why Current Pension Policy Helps the Rich Get Richer

Ku leuven Kim DeWitte (K.U. Leuven (Belgium)) has brought to my attention an article he wrote with Yves Stevens (K.U. Leuven (Belgium)) and Paul Roels, concerning the individual and voluntary pension provision in Belgium, entitled: The Matthew Effect: Why Current Pension Policy Helps the Rich Get Richer. It was published last year in J. STEWART and G. HUGHES (ed.), Personal Provision of Retirement Income, Meeting the Needs of Older People?, Cheltenham - Northampton, Edward Elgar.

Makes me wonder if American 401(k) arrangements are not susceptible to the same arguments in that such arrangements primarily help wealthier employees. Very interesting article, read the whole thing.

PS

https://lawprofessors.typepad.com/laborprof_blog/2010/03/dewitte-roels-and-stevens-on-the-matthew-effect-why-current-pension-policy-helps-the-rich-get-richer.html

International & Comparative L.E.L., Pension and Benefits, Scholarship | Permalink

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Comments

A Frontline documentary entitled, Can You Afford to Retire, makes some similar points, describing the genesis of the 401(k) system (as a supplemental benefit to a narrow class of corporate execs.) and one's ability to maximize earnings under it, which tend to correlate pretty tightly with income level. I used to show it in my Employment Law class.

Posted by: Marcia | Mar 1, 2010 9:52:37 AM

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