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appendix derivations dsge model pdf
... t -1 for deposits made in period t -1, that will be paid out in period t. households also receive a profits made by actuarial insurance ... be zt, the real share price be qt and the real dividend paid per share be divt, then the nominal profits of the actuarial ... -1bt-1 +ptbm t -pt-1bm t-1 +pttt +pttransfert then substitute out the transfers from the monetary authority to the fiscal authority ptmt ptbm ...
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Microsoft Word - discussion165.doc
... the firm. second, we discuss deferred compensation schemes, which often imply that older workers are paid above their productivity within the firm. we also discuss three alternative theories. collective bargaining and ... show an increasing pattern during the worker's career, and finally the performance bond is paid out to the worker, for instance in the form of a pension. as older workers become ...
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dp174-flexible-retirement.pdf
... are partially withheld, and paid out later after full retirement. in spain and portugal, it is not allowed to have paid work while receiving a ... the worker's career, and the perform- ance bond is paid out to the worker at the end of his career. the steepness ... future payments (lazear, 1979). the performance bond can for instance be paid out through a back- loaded pension scheme (section 3) or higher ...
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Microsoft Word - discussion61.doc
... collects this money through income-related taxes, and obtain money from charging community-rated out-of-pocket premiums (pcom). the money from the government comprises the risk-adjusted ... compensate health insurers for enrolling predictably high-risk individuals (these risk-adjusted compensations are paid out of the health insurance fund that is filled with the income related contributions). health ...
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rmcpb8.dvi
... vermindering langdurig werklozen' (vlw, reduction long-term un- employed). data on the out ow is less informative, as out ow may occur because the match dissolves, or because the subsidy period ended ... subsidies in the private sectorfor low-productive workers ( vouchers'). we consider a subsidy that is paid out to the employer as long as an individual subsidy makes low-productive job seekers, i ...
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intergenerational risk sharing pdf
... risky asset with return re. when young, agents start to save out of their labour income (they enter the economy with zero endowment ... young generation, invests these contributions in the capital market and pays out benefits to the same generation in the second period of life. ... is related to labour history so that the actual pension benefit paid out to the old generation at time t +1 equals (1-lt)b ...
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market share and price dutch home care market power or quality pdf
... , purchasing agencies may apply for additional funds if they run out of budget. all in all, purchasing agencies face only weak ... cost of these services is paid out of a special fund for emea services, which is filled by premiums paid by workers.11 suppliers ... market share (and insignificant relationship with hhi), we cannot rule out that both differences in price and differences in market share ...
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Microsoft Word - memo100
... unemployment benefits are usually financed by insurance premiums that take the form of payroll taxes paid by employers and employees. as these premiums are uniform, the schemes contain an important ... moral hazard. it could take the form of a waiting period before unemployment benefits are paid out. such a penalty discourages shirking and moderates wage claims by reducing the bargaining position of ...
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memo168.pdf
... outcomes cannot be meaningfully defined, then stochastic simulation analysis is out of place. a difficult issue is that it is ... paid out the next period. the deficit (dt) of a pension fund is the difference between the assets accumulated by a generation and the actual benefits paid ... that, ex ante, the expected target benefit level can be paid. this is equivalent to a zero expected pension fund deficit ...
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Microsoft Word - memo158
... cost of a policy that provides subsidies is considerably higher than the amount of subsidies paid out. first, there are the costs of developing and executing of the policy. second, there are ... in criminal activity. a third potentially successful option is reducing early drop out from school. reduced early drop out reduces the dependence on welfare programs later on and the likelihood of criminal ...
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