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1 - 10 van 195 voor market returns
dp174-flexible-retirement.pdf
... is how- ever well-known that capital markets are imperfect. most annuities offer notoriously poor returns (friedman and warshawsky, 1988; mitchell et al., 1999), and borrowing against pension income is often ... against a loss in pension wealth (e.g. as the re- sult of poor stock market returns), flexible pension schemes may as well provide insur- ance against personal risks. flexible pension schemes ...
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dp175 systemic risk across sectors pdf
... market return is valid for all market returns. the daily residuals from the market model (3.2), i.e., the abnormal returns ei,t ri,t - i - i,trm,t, are measures for the stock return conditional on the market ... market returns relative to an economy-wide stock market index. however, using conditional returns, ...
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bijz29.pdf
... , 2000). these non-financial returns are far harder to measure. wolfe and haveman (2000) survey the literature on this issue, and conclude that non-market returns to schooling are substantial conservative estimates of the value of non-labour market influences are in the same order of magnitude ...
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Microsoft Word - discussion64.doc
... market position, expectations for the future, international relations and social participation. the returns to studying abroad for applicants of the talented grant' the second objective of this paper is to consider the returns ...
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cpb book labour market flexibility netherlands 0 pdf
... of labour contracts makes 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 ... workers dislike risks, an optimal investment scheme would allocate the costs and the uncertain returns of firm-specific investments to the firm. another way to circumvent the problem is ...
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Microsoft Word - cpbdoc102
... in communication, generating a flow of returns in (future) value added. where do the netherlands stand? internationally, the performance of the broadband market in the netherlands is quite good ... market for unbundled access, the market for wholesale broadband access and the retail market. the market for unbundled access and a part of the market for wholesale access, namely the high-quality market ...
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Microsoft Word - discussion154.doc
... regulated market in the netherlands. in a clean market abnormal trading returns or volumes should not precede unexpected press releases. other press releases, such as the upcoming publication of annual returns, might be subject to speculation in the market and show a pattern of abnormal returns in the period before its release, even in a clean market. 3.1. market model ...
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market share and price dutch home care market power or quality pdf
... the provider market regional market, s, and the degree of market concentration, expressed by the regional hirschman-herfindahl index, hhi s2 . the provider market share s characterises the relative market position of the ... model. . 22 the interpretation of the results remains the same if we assume variable returns to scale. we comment on this point in conclusions (section 5). 23 similar structural ...
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tax policy and labor market sensitivity analysis age model pdf
... capital of its workers, employees may claim part of the returns to these investments in the form of a higher net ... households allocate total labor supply to the formal labor market and the informal labor market. the participation rate and the number of hours ... following pissarides (1990), mimic incorporates a market for jobs per skill type. on this market, unemployed people meet firms that search for ...
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Flexibility of the Labour Market
... labour market. returns to tenure are estimated using several models that address the problem of endogeneity of tenure in the wage equation (e.g., altonji and shakotko, 1987 and topel, 1991). returns to ... they are protected by labour-market institutions (e.g., buhai et al., 2008). finally, the research investigates whether or not there is a correlation between high returns to tenure and the low ...
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