Nominal entitlements 

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... wages policy debate in the netherland should go beyond the issue of cutting nominal entitlements rethink the pension system pension system mapping functions x institutions functions 1. ... system make pension contract more transparant by explicit contracts abolish system of ,,hard nominal entitlements and soft indexation allocate financial risks explicitly to participants ( 15% ) optimally, keep link ...
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N:\...\discussion17.wp [PFP#331423159]
... five years for two cases. source oecd statistical compendium and oecd data base on benefit entitlements and gross replacement rates. 20 to wind up trends in national wage bargaining institutions ... monetary policies. in both situations, inflation averse national trade unions set their nominal wages, thereby taking into account the nominal wages set in other countries and the response of the central ...
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