Editing Economy of the Netherlands (section)

==== Inequality and redistribution====
With a [[Gini coefficient]] of 25.1 (2013) the income inequality is relatively low in the Netherlands. However, the inequality when measured in distributions of household wealth is high, where the top 1% owns 24% of all net wealth, and the top 10% own 60%. Moreover, rather large wealth disparities persist in the Netherlands in relation to age, where those under 35 years-of-age own 10% as much as older workers. This is a consequence from the low taxation of home ownership and a generous [[Home mortgage interest deduction|mortgage interest deductibility]], which benefit the wealthier households.<ref>{{Cite web|url=https://www.oecd.org/netherlands/OECD2015-In-It-Together-Highlights-Netherlands.pdf|title=In It Together Why Less Inequality Benefits All... in the Netherlands|date=2015|website=Oecd.org|access-date=4 January 2018}}</ref> Due to the generous pensions the pension-related savings are the most important part of wealth in the Netherlands, yet are not subject to capital income taxation, which increases the inequality. The taxation comes as income tax when the saved pension is paid out. People having earned minimum wages only, will not build up any pension. The idea behind a pension is to have a net income after retirement that is comparable to before retirement. The AOW, the Dutch retirement law, guarantees an income up to 70% of minimum wage per person. Therefore, only people earning more than minimum wage need to save to ensure comparable income after retirement.