It is well-known that the Netherlands overcome the economic crisis through social concertation among employers, workers, and government. Employment growth based on work-sharing and wage moderation is named 'Dutch miracle'. Introducing the free competi...
It is well-known that the Netherlands overcome the economic crisis through social concertation among employers, workers, and government. Employment growth based on work-sharing and wage moderation is named 'Dutch miracle'. Introducing the free competition model in labour market, Dutch polder model enforced the framework of solidarity and consensus enlarging social welfare benefits to the part-timers, foreigners and retirees. In this respects Dutch model differs fromthe Anglo-Saxon model based on competition and exclusion.
This article reviews the characteristics of the Netherlands' corporate pension system and emphasize its significances in the lights of political economy. The primary reason we are focusing the Dutch corporate pension system is that it is very important institutional device keeping away from prevailing proprietary individualism and conflicts of interests between worker-as-wage earner and worker-as-shareholder and between younger and older generations.
This paper proceeds in three steps. In the first step, the key points and new strains of dutch polder model based on socialconsensus, so called Wassenaar Accord etc., are sketched. Secondly, the main features of the current corporate pension plans in the Netherlands will be discussed. Finally, the implications to the new model building will be discussed in points of present economic reforms in Korea.