|
1 - 10 van 13 voor actuarial insurance firms
appendix derivations dsge model pdf
... 13 2.9 household block 14 3 actuarial insurance firms 16 3.1 actuarial firms block 18 4 foreign investment firms 19 4.1 foreign investment firms block 19 5 government 21 5 ... mt actuarial insurance firms actuarial insurance firms take household savings and allocate them across competing assets. the assets are government bonds, shares in the foreign investment firm, shares in production firms and ...
cpb.nl
memo227.pdf
... actuarial insurance firms actuarial insurance firms take households' savings, that is their purchases of actuarial notes, and allocate these among investment in physical capital, government debt and equity shares in domestic production firms and foreign investment firms. actuarial insurance firms ...
cpb.nl
memo228.pdf
... borrowing by the actuarial firms via the foreign investment firms more expensive. by a no-arbitrage condition for actuarial firms, the expected profit of investing in shares of the foreign investment firms equals ... the rental rate of capital (figure 5.5) decrease in the initial period. the actuarial insurance firms face a trade-off in reducing investments or reducing the utilization rate. the first ...
cpb.nl
analyzing labour supply elderly people life cycle approach pdf
... benefits from working after 62, while largely ignoring potential increases in later benefits. declining actuarial adjustments beginning at 65 induce those with low discount rates to retire at 65. ... incorporated in the interest rate and reflect the presence of life-insurance or annuity markets, where competitive life insurance firms make payments to individuals (as a function of their asset levels) ...
cpb.nl
dp174-flexible-retirement.pdf
... distinguish between early retirement and social insurance schemes such as disability insurance and unemployment insurance but take the system as a ... pension schemes in western countries have typically moved towards actuarial neutrality, they mostly still tend to impact the price ... cause distortions in the hiring and firing decisions of firms. moreover, they contribute to the ,,golden chains for older ...
cpb.nl
00/research memorandum Can we a [PFP#1092373775]
... allow full portability as funding in db schemes is not well defined but requires arbitrary actuarial assumptions. not directly related to premiums paid, premiums may distort labor supply because they ... the allocation of labor to unexpected shocks can be met within firms. db schemes may be costly also because they reduce insurance and worsen income disparities. in particular, by linking retirement ...
cpb.nl
fiscal prefunding response demographic uncertainty pdf
... contribution rate and the catching- up premium rate. the actuarial fair contribution rate finances the accrual of pension ... government arising from demographic uncertainty. the government has no insurance market available to it. ageing and unsustainable government ... and catching-up premiums, inflation, the depreciation allowance for firms, revenues from natural gas exploitation and population growth ...
cpb.nl
Microsoft Word - discussion45.doc
... high implicit taxes on continued work, as di benefits are not subject to any actuarial adjustments (kapteyn and de vos, authors thank rob euwals, wolter hassink, bas van der ... gruber, j., 2000, disability insurance benefits and labour supply, journal of political economy, 108, 1162-1183. hassink, w., 1996, worker flows and the employment adjustment of firms, phd thesis, vrije universiteit ...
cpb.nl
Microsoft Word - memo100
... insurance. moreover, myopic agents may make wrong decisions by not realizing the benefits from unemployment insurance. the risk of underinsurance gives a rationale for mandatory insurance. provides an advantage compared to private insurance. private firms ... -risk agents. as a consequence, the value of the insurance rights exceeds the actuarial premium for the high-risk agents, which especially ...
cpb.nl
memo115.pdf
... receive an annuity from a life insurance company in return for bequeathing it its remaining assets upon its decease (yaari (1965)). the model abstracts from bequests. firms production takes place with ... rates and value of pension rights in order to achieve equilibrium at their actuarial balance. equilibrium at the actuarial balance holds if the discounted value of future liabilities equals the sum ...
cpb.nl
| 