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1 - 6 van 6 voor early redemption
Microsoft Word - ageing_.doc
... expenditures (excluding interest payments on debt). this household needs a surplus to pay for the redemption of debt, on the one hand, and to build up wealth to cover the future ... a negative shock, which is recovered by temporarily raising contribution rates. also, some actuarially unfair early retirement schemes ( vut') contain an implicit tax. as an alternative to tax smoothing (keeping tax ...
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Microsoft Word - cpbdoc96
... of annuities) 20 with or without a bequest element (in case of annuities) cost of early termination of contract, including the amount of frontloading of costs financial soundness of the ... to buy much more frequently mortgages without redemption (29% compared to 18%). commission rates on mortgages without redemption were much lower than on mortgages with redemption (0.5-1% compared next step of ...
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dutch fiscal framework history current practice and role cpb pdf
... the official fiscal norm was that total expenditure should not exceed revenue minus the redemption of loans. furthermore, several ministers of finance expressed the intention to keep public expenditure ... expenditure. increasing expenditure on education and social assistance and the economic crises in the early twenties and of 1930 challenged the new official norm. this resulted in substantial budget ...
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Discussion paper
... ' 12 the peak in both the deficit and net benefits result of a one off redemption by the government of future annual subsidies to housing corporations. 17 government expenditure items. the ... present values. this applies especially to the individual items. items of which the benefits occur early in the life cycle, such as education, therefore turn out relatively high in the generational ...
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gamma simulation model ageing pensions and public finances pdf
... overlapping generations of households. ga models have been quite successful since their introduction in the early nineties (auerbach and kotlikoff (1991)). as they make so few specific assumptions, they can be ... on micro-data. 32 by the deficit according to the emu definition, or that debt redemption by government is smaller than the surplus. 2.5.2 sustainability and the sustainability gap ...
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Microsoft Word - discussion66
... product, after which they decide to continue to purchase the product or surrender the product early. it is questionable whether this is sufficiently applicable in the case of deferred annuities. ... to buy much more frequently mortgages without redemption (29% compared to 18%). commission rates on mortgages without redemption were much lower than on mortgages with redemption (0.5-1% compared to 2%). ...
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