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1 - 3 van 3 voor property equities
00/research memorandum Can we a [PFP#1092373775]
... schemes dc schemes are less vulnerable to political risks because they feature well-defined property rights on individual pensions. however, also these schemes may be affected by distributional ... selected oecd countries, 1971-90 country real wage growth real average annual return on equities real average annual return on government bonds canada denmark france germany japan netherlands switzerland ...
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memo1960.pdf
... uses utility functions with positive third derivatives. for instance crra instantaneous utility functions have this property. the distrust model uses a linear quadratic instantaneous utility function and has linear restrictions. ... a1 fraction invested in equity c consumption ds subjective discount factor es excess return equities hc human capital rh rate of return asset h f ,s pc consumption price ...
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dp204.indd
... , mr villiger revealed an entire team of 60 employees had left ubs investment bank's equities unit, resulting in the loss of some sfr800m in revenues. 3 as another example, when ... condition then amounts to u uf(r). (2) 8 we assume that a single crossing property holds for this problem. in particular, we assume that when both types' indifference curves intersect ...
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