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1 - 10 van 17 voor absolute return fund
Microsoft Word - ageing_.doc
... the musgrave criterion for intergenerational distribution is a relative criterion. it says little about the absolute burden to future generations. in fact, this study finds that future generations will still ... and health care. think of the similar problem facing a pension fund if the return on investments decreases, the pension fund will raise the contribution rates (read taxes) in order to ...
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Microsoft Word - discussion56.doc
... each sickness fund had a designated geographical area in which it was the sole provider of social health insurance. we make the following three assumptions (below we will return to the ... basic insurance. in general, we find plausible age patterns the estimated coefficient is larger in absolute term for younger enrollees. in equations where we distinguish between basic and supplementary insurance, ...
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Microsoft Word - discussion164.doc
... zhao et al., 2009). we use proxies for the international monetary fund (imf)'s core set of finan- cial soundness indicators or ... total assets profit number of employees earnings and profitability return on equity return on assets charge offs total equity log (bank z- ... individual categories. the categories are based on the x% percent absolute change between the maximum and minimum score of a country ...
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discounting investments mitigation and adaptation pdf
... effect is equal to the product of coefficient of absolute risk aversion times the covariance of optimal consumption and ... investments20 (should) earn the same rate of return.21 a lower required return on climate investments compared to non-climate ... framework for uncertainty, negotiation and distribution (fund), technical description, version 3.3, http www.fnu.zmaw.de fund.5679.0.html. arrow, k. ...
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Microsoft Word - cpbdoc96
... level that exceeds a fair' rate of return on capital invested. a fair' rate of return is a profit level that is market ... of the underlying assets or in the performance of the fund managers. in these cases, product heterogeneity may facilitate unilateral departures from ... of firms netherlands is relatively high around 4%. also in absolute numbers the dutch life insurance market has a large entry ...
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Microsoft Word - discussion72.doc
... poland or turkey. the small country can expect a larger absolute change in openness than the large country, but the ... the capital stock will adjust. with a constant rate of return on capital the capital stock will grow at the same ... world economy - suggestions for an international economic policy, the twentieth century fund. vanhoudt, p., 1998, did the european unification induce economic growth ...
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Microsoft Word - cpbdoc101.doc
... voice will defend overall eu interest. for any individual member country the return from defending an eu-wide encompassing interest is negligible ... netherlands. this share has fallen from at the moment. the absolute figure for 2004 was 1.33 billion euro. another ... and structural actions, the establishment of an eu fund for economic growth. this fund would finance projects in the areas of research, ...
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N:\...\EINDVERSIE_deel1.w [PFP#1030632807]
... participation, unemployment and inequality 103 9.1 real rates of return for the dutch economy annual change in relative wage and ... increased, imports from the rest of the world increased in absolute terms as well. 30 integration than many other regional trade agreements ... economics and is director of research at the international monetary fund (imf). the two are in conflict about the policies of ...
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fiscal prefunding response demographic uncertainty pdf
... to wages, reflecting the situation for the average dutch pension fund. essentially the model is deterministic. agents have perfect foresight; that ... household receives an annuity from a life insurance company in return for bequeathing it its remaining assets upon death (yaari (1965)). ... since gdp is lower in the tax smoothing scenario, the absolute level of private consumption is only about 90% of its ...
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N:\...\funds and games.wp [PFP#420725591]
... the rest of europe. the most important fund is the european regional development fund (erdf), which finances infrastructure, employment projects, ... the cost of additional innovations falls with scientific experience, the return on technological investment increases with the stock of accumulated knowledge ... at 1.8% per year.8 the degree of absolute -convergence between eu-regions seems to be in line ...
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