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1 - 10 van 74 voor discount rates
dp170-technische-bijlage.pdf
... case of diverging discount rates are carried out for the cases of a 0.5 percent lower and a 0.5 percent higher discount rate. for the case that these diverging rates are ... participation rates for the years before 1981. we therefore used the overall change to extrapolate backwards the age specific participation rates. demography data on the past demography are from statistics netherlands. discount ...
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analyzing labour supply elderly people life cycle approach pdf
... attractive over time, which eventually results in retirement. the model4 implies that those with high discount rates often retire at 62, the early entitlement age. some of these individuals are liquidity constrained ... potential increases in later benefits. declining actuarial adjustments beginning at 65 induce those with low discount rates to retire at 65. the model is used to examine a rise in the ...
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Microsoft Word - ageing_.doc
... discount rate can be understood as follows. as low interest rates also imply low rates of return for pension finds, contribution rates ... and not properly accounted for in discount rates. it is one thing to indicate ... rates also leads to a lower discount rate for the government. this study uses a discount rate real terms, which is one percentage-point lower than previous study which used as discount ...
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discounting investments mitigation and adaptation pdf
... will in general be discounted at different rates. we discuss the conditions under which the discount rates of climate investments will be lower than the discount rate of non-climate investments. key ... of interest rates, cesifo working paper 1375. gollier, c., 2008, ecological discounting, lerna working paper. 26 groom, b., c. hepburn, p. koundouri and d. pearce, 2005, declining discount rates the ...
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Microsoft Word - discussion139.doc
... are two major concerns on the consistency of these effects. first, unobserved heterogeneity of hazard rates is ignored, leading to specification errors in the (genuine) duration dependency and endogeneity biases ... habit, economic inquiry, 36(1), 49-64. fersterer, j. and r. winter-ebmer, 2003, smoking, discount rates, and return to education, economics of education review, 22(6), 561-566. forster m. ...
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L:\...\cpb_discussion1 .w [PFP#711495169]
... paths anyway. we will in the remainder of the analysis use this characteristic optimal timing, discount rates and the desire to smooth consumption starting from this basic integrated model, various simulation ... elasticity of substitution and the discount rate are similar as their effect on the consumption path. the most important reason for this is that at high discount rates (or low inter-temporal ...
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fiscal prefunding response demographic uncertainty pdf
... (%) 3.5 risk premium on shares (%) 3.0 real discount factor (%) 3.0 price elasticity of leisure 0.25 ... not 7 this simplification was made to facilitate consistency between the discount rates of households and the government, a requirement of the welfare ... such as variability in productivity, interest and inflation rates, and labour participation rates among others. naturally these types of risks ...
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memo241.pdf
... that price-dividend ratios contain information about discount rates of investors but not about future dividends, see cochrane (1994) and appendix d. if discount rates are stationary, so are price-dividend ratios ... hypothesis, they argue that the break in dividend yields signals a break in discount rates, with substantially lower risk premia being applied after 1994. business cycle information also ...
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pension plans and retirement replacement rates netherlands pdf
... , as we assume that the interest rate and the individual discount cancel out each other (see ventura et al 2006 for ... real one. 21 5 results for replacement rates the study of the replacement rates aims to understand whether there exist differences ... point extra replacement rate when the discount is zero). this shows how early retirement affects the replacement rates of the youth. the inclusion ...
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80 Replacement rates [PFP#1190831506]
... is often higher for these households. table 3 and 4 present replacement rates for a sole earner. the initial rates for an average production worker are roughly comparable with those for a ... this threshold. d discount factor, d 0.75 for boligiskring'. f. minimum wages a legal national minimum wage is absent in denmark. collective agreements determine the minimum-wage rates. around work force ...
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