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1 - 10 van 15 voor actuarial insurance firm
appendix derivations dsge model pdf
... actuarial note holdings. we assume that households place all of their savings with a competitive, zero expected profit actuarial insurance firm. when a household dies', its savings becomes the ownership of the actuarial insurance firm ...
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memo227.pdf
... order condition for the actuarial insurance firm with respect to production firm share holding qt with respect to foreign investment firm share holding qft ... actuarial insurance firms are repeated in the appendix. 2.4 foreign investment firms foreign investments firms are used to simplify the problem of the actuarial insurance firm. foreign investment firms take funds from the actuarial insurance ...
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memo228.pdf
... also doubles, provided that the utilization rate remains unchanged. actuarial firms actuarial firms own the capital. they benefit from renting the ... higher rental rate, rk t , by the first order condition actuarial firm. this in turn raises the real marginal cost. the predetermined ... (figure 5.5) decrease in the initial period. the actuarial insurance firms face a trade-off in reducing investments or ...
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analyzing labour supply elderly people life cycle approach pdf
... number of ways, which renders it less suitable for drawing firm policy conclusions. for instance, the model is of a ... , while largely ignoring potential increases in later benefits. declining actuarial adjustments beginning at 65 induce those with low discount ... and reflect the presence of life-insurance or annuity markets, where competitive life insurance firms make payments to individuals (as ...
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dp174-flexible-retirement.pdf
... a pension wealth shock. although flexible pension schemes in western countries have typically moved towards actuarial neutrality, they mostly still tend to impact the price of leisure.5 pen- sion ... age usually justified on grounds that older workers have more firm-specific human capital, and that they are entitled to unemployment insurance for a 10 some empirical studies find that specific capital ...
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Microsoft Word - discussion52
... in a sector or firm for at least 10 years. the schemes did not contain any actuarial adjustments the benefit ... of industry, and not living on welfare, unemployment insurance or disability insurance at this initial age. we observe these individuals from ... possible that alternative exit routes such as disability insurance or unemployment insurance become more attractive as a consequence of the reform ...
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00/research memorandum Can we a [PFP#1092373775]
... schemes is not well defined but requires arbitrary actuarial assumptions. not directly related to premiums paid, ... db schemes, this function may require compulsory insurance. however, the insurance scheme is not explicitly aimed at poverty ... + international capital mobility + industrial structure stakeholder view of the firm + firm-specific investments + turnover of firms + large firms dominant ...
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Microsoft Word - discussion45.doc
... benefits are not subject to any actuarial adjustments (kapteyn and de vos, authors ... insurance for the temporarily disabled and partially disabled. 2.2 the current position of disability insurance in the netherlands social security in the netherlands can be divided into employee insurance and national insurance ... cannot be identified separately from the firm-specific dummy variables contained in . ...
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Manager turnover and firm performance
... replacement rates of the disability benefits vary by firm or sector (van vuren % % men 60-64 early retirement disability insurance unemployment insurance other and van vuuren, 2007). in ... actuarial adjustment. retirement before the early retirement eligibility age would mean a complete loss of entitlements. the authors find that high replacement rates in the disability and unemployment insurance ...
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Manager turnover and firm performance
... onwards with an actuarial unfair adjustment of the benefit level in case the individual decides to continue working (cremer et al., early retirement option serves as an insurance against unobservable ... which is based on the national employment insurance registers and on the tax registers. the registers contain information on working hours, salary and some firm information (see euwals et al., 2010b, ...
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