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1 - 10 van 90 voor capital market risks
analysis individual accounts unemployment risk netherlands pdf
... the risk burden associated with incomplete provision of insurance against unemployment. this is how the capital market perfection improves the trade-off between insurance and incentive, thereby enhancing welfare. (stiglitz and ... 2005, p. 2065, emphasis in original text) for the case of individual accounts for various risks see e.g. orszag and snower (1997) and sorensen et al. (2008). 26 individual ...
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cpb book labour market flexibility netherlands 0 pdf
... sense, since they serve different goals on the labour market. key words labour market flexibility, wages, tenure, training, human capital, mobility, temporary jobs, self-employment abstract in dutch de ... need for monitoring. 26 although the self-employed deliberately take business risks, the desirability of allocating individual risks such as disability to the self-employed is under discussion. ...
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Microsoft PowerPoint - Presentatie CPB China 19 December versie 07.ppt
... term outlook and simulation up outlook and policy consequences 5.1 impact, outlook and risks 5.2 china and dutch economic policy chinaandthedutcheconomy brussels 19 dec. 06 chinese economic ... chinese products high chinese savings have led to a lower capital market rate no noticeable impact on speed of labour market adjustments income distribution chinaandthedutcheconomy brussels 19 dec. 06 changes in ...
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Microsoft Word - discussion165.doc
... averse than employees or are better able to shift some of these risks to the capital market (bovenberg and teulings, 2008). in general, a contract that is not legally ... capital more general human capital leads to higher wages ++ individual wage differentials reflect productivity differentials. (-) wages rise with total job market experience, but not with tenure (-) theory on specific human capital ...
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Microsoft Word - cpbdoc_tang.doc
... can borrow and lend on the international capital market without constraint and at a given world interest rate. with imperfect capital mobility, the econometric estimates reflect a ... capital market does not perform the first function optimally, since domestic investments still depends on domestic savings. second, capital mobility allows investors to diversify portfolios and to share risks ...
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impact social capital crime pdf
... , williams and sickles (2002) find that by being caught an individual risks to loose the utility generating social capital (loss of reputation and job, divorce etc.). 5 recent papers by ... (lochner and moretti, 2004; wolpin, first because higher education is associated with better labor-market outcomes hence increasing the opportunity cost of crime and possibly because school attendance keeps ...
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Microsoft Word - cpbdoc91.doc
... for the netherlands is determined on the world capital market. in an economy with a production technology such as (2.3), the stocks of physical capital are determined from - el h el k ... often substantial uncertainties of r d endeavours. on the other hand, when risks of research projects are uncorrelated, the market might be able to reduce the aggregate risk through risk pooling. rates ...
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Flexibility of the Labour Market
... risk of the investment and receive all quasi-rents, since firms can diversify risks on the capital market. in practice labour contracts are incomplete, leaving room for renegotiation during the ... lengthens, the knowledge of workers risks becoming obsolete, and the employment share of young workers decreases. in addition, a rigid labour market can harm labour market efficiency by preventing an ...
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dp182retirement flexibility and portfolio choice pdf
... and general-equilibrium setting. retirement flexibility is often seen as a hedge against capital-market risks which justifies more risky asset portfolios. we show, however, that this positive ... weakened - and under some conditions even turned around - if not only capital-market risks but also productivity risks are considered. productivity risk in combination with a high elasticity of substitution ...
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Tilburg finance tool huisstijl pdf
... data construction this model can be considered as a model for the north european capital market. this estimated capital market model will be used to construct scenario sets. these scenarios will be used in ... 2002, dynamic asset allocation under inflation, the journal of finance, broer, d. p., 2010, macroeconomic risks and pension returns, cpb memorandum 241, cpb. campbell, j. y. and l. m. viceira, ...
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