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analyzing labour supply elderly people life cycle approach pdf
... particular, to properly analyse the time allocation of households over the life cycle, an intertemporal framework that explores the interactions between savings and labour supply is essential. this study ... associated unemployment benefits, as well as other early retirement schemes and income transfers between households and other sectors. 21 the wage rate changes after withdrawal from the first job ...
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disc160.pdf
... between the level of accumulated wealth and early retirement. as early retirement has become more expensive after the reforms of the early retirement system, the difference in the planned retirement age between households with different levels of financial wealth should be particularly apparent in more recent years. it is also interesting to look at the relation between ...
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Microsoft Word - cpbdoc79.doc
... of their effect on the lifetime welfare of households and their distributional effect would then be measured by the differences between the households in these welfare effects. this omission of this ... in trade-offs caused by the system of arrangements may differ between households of different skills due to the fact that these households are for instance faced with different marginal tax rates ...
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memo161.pdf
... households earn wage income, receive transfers and build up assets for which they get interest income. old households receive profit-income, transfers and interest income. note that only the interest income variates between households ... households hold 52.4% as cash, 19.5% as bonds and 28% as equity. following sorensen (2001b), we assume that households can relatively easily substitute between both ...
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safe quarterly model dutch economy short term analyses pdf
... distinction has been made between households with access to capital markets and that are deemed to behave in accordance with the life-cycle theory on the one hand, and households without access to ... shares held by households. 23 and price of energy, sub-divided into natural gas and other energy, are exogenous. for the first time, a distinction is made in safe between domestically produced ...
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static efficiency dutch supermarket chain pdf
... mobility, health, convenience, and culture. these preferences differ between consumers and over time. for instance, differences in preferences are evident between households, and due to time constraints, consumers nowadays prefer ... 65 percent of all households visit more than three retailers in a year. note that there is a decline between 2000 and percentage of households that visit only one ...
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132 Social performance and fisc [PFP#1092128766]
... submodels. one of them describes how households derive welfare levels from social states. if these levels were comparable between households they could directly be used for ... presently be constructed. thewelfarefunctionin(7),whichisnotcomparable between households, containsthree parameters. denotes per capita consumption. it expresses the notion that households tend to relate their own consumption ...
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discussion paper 201 labour market cge models pdf
... , there are models with as much as 100 representative households (e.g. piggott and whalley (1985), who dierentiate between households by household composition, profession and wage level, or dixon ... combined micro-macro simulation framework. 3.2.3 heterogeneity within aggregate households distinguishing between a number of representative households is likely to be insu- ciently ne for a meaningful ...
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lost race between schooling and technology pdf
... beginning and increased slightly towards the end wage differentials between men and women increased and decreased wage differentials between older and younger workers increased sharply and decreased slightly ... were exogenous. fourthly, subsidies on higher education are unequally distributed. the 50% richest households receive about 80% of education subsidies, see scp (1994). furthermore, only the 35 ...
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linkages between financial and real sector economy pdf
... on the balance sheets of banks, non-financial firms and households. a fall in asset prices lowers the net worth of households and firms, and reduces the value of their collateral. this ... market prices alone is not sufficient to determine allocations. we distinguish between balance sheet effects for non-financial firms and households, which are discussed in chapter 3, and balance sheet effects for ...
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