Monday, March 1, 2010
DeWitte, Roels, and Stevens on The Matthew Effect: Why Current Pension Policy Helps the Rich Get Richer
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.