Wiemer Salverda
Source: 1977-1999 own calculations based on IPO data and 2001-2003 Statline (level adapted by 1999 ratios) and CPB, MEV2006
Table A.7 and CBS population statistics.
Direct income data from the Income panel survey (IPO) of Statistics Netherlands can address these
problems. While the AOW goes exclusively to people aged 65 and over, occupational pensions and
annuities do not. Figure 4 shows the share of the aged in the national total of pension and annuity
receipts according to the IPO. The figure dropped to a low of 47% in 1990, only to climb back to its
original level of 60% now. This picture is consistent with the fluctuation from 10.5 up to 16.5% and
down again to 11.5% in the numbers in early retirement relative to the persons aged 65 and over
which is also shown in Figure 42. Finally, the contribution of other forms of income for older people
(from enterprise or work, interest, dividends and benefits such as rent subsidies, child allowances
and social security) is not insignificant, despite having fallen considerably from 18 to 11% (not
shown).
The IPO data also offer direct insights into the financial OADR - that is, the ratio of total relevant
incomes of those aged 65+ to the total relevant incomes of those aged 20-64. This can again be
defined on a calendar and a cohort basis. Occupational pensions and life-insurance payments are
made on the basis of savings out of older people’s previous personal contributions and therefore
relate to the cohort-OADR. Figure 5 shows the financial calendar-OADR and the corresponding
demographic OADR, both calendar-based. After a decrease, the former fluctuates at around 11%,
2 Total number of people with early or survivor’s pension taken as a percentage of the population aged 55 to 64 years.
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AIAS - UvA