The Danish Pension System Design, Performance, and Challenges

Torben M. Andersen, Professor of Economics, University of Aarhus,Svend E. Hougaard Jensen, Professor of Economics, Copenhagen Business School,Jesper Rangvid, Professor of Finance, Copenhagen Business School

Torben M. Andersen is professor in economics at the University of Aarhus, Denmark. He is research fellow at CEPR (London), CESifo (Munich), IZA (Bonn), and IfW (Kiel). His research mainly deals with labour market and public policy issues. He has published widely in international journals and books
on stabilization policy, labour economics, public economics, and the economics of the Nordic welfare state. He has also been active in policy advice and has among other things served as chairman of the Danish Economic Council and the Danish Welfare Commission. He has been involved in policy advice
for the European Commission and governments in Sweden, Norway, Finland, Canada, and Greenland.

Svend E. Hougaard Jensen is Professor of Economics and Director of the Pension Research Centre (PeRCent) at Copenhagen Business School. He is chairman of Bruegel's Scientific Council, and he is a member of the Systemic Risk Council. His research has focused on monetary unification and fiscal policy
in Europe, generational and macroeconomic effects of changing demographics, pensions and social security, structural reforms, and macroeconomic policy more generally. Jensen has served as a consultant to the World Bank, the European Commission, and other government agencies.

Jesper Rangvid is Professor of Finance and Director of the Pension Research Centre (PeRCent) at Copenhagen Business School. In his research, Jesper Rangvid studies asset return determination and forecastability, financial crises, financial institutions (in particular asset managers and banks),
international finance, and household finance. He was Chairman of the government-appointed committee that investigated the causes and consequences of the financial crisis in Denmark. He is a board member of The Medical Doctors' Pension Fund and The Medical Doctors' Pension Bank.

1. The Danish Pension System: Design, Performance, and Challenges, Torben M. Andersen, Svend E. Hougaard Jensen, and Jesper Rangvid
2. The Danish Pension System in an International Comparison, Torben M. Andersen
3. Income during Retirement: On the Role of Occupational Pensions and Home Equity as a Pension Device, Niels Lynggaard Hansen and Svend E. Hougaard Jensen
4. Pension Product Design and Relations to the Danish Market, Søren Fiig Jarner, Claus Munk, and Mogens Steffensen
5. Asset Allocation, Investment Policies, and Returns, Peter Løchte Jørgensen, Henrik Ramlau-Hansen, and Jesper Rangvid
6. Regulation and Supervision of the Danish Pension System, Jesper Berg
7. The Impact of Longevity on Pension Systems, Malene Kallestrup-Lamb, Søren Kjærsgård, and Søren Fiig Jarner
8. Pension Wealth and Macroeconomic Stability, Henrik Yde Andersen, Niels Lynggaard Hansen, and Andreas Kuchler
9. Public Finances and the Interplay Between Public and Private Pensions, Torben M. Andersen and Svend E. Hougaard Jensen