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1 - 10 van 30 voor strong asset base
analyzing labour supply elderly people life cycle approach pdf
... results 39 4.6.1 introduction 39 4.6.2 base scenario 40 4.6.3 resulting key figures and profiles ... floor provided by government welfare programs, stochastic processes for earnings and asset returns, layoff risk, job offer risk, health risk, and mortality risk ... of a mandatory pension system. the presence of a (sufficiently strong) bequest motive, in addition, implies that this borrowing constraint tends ...
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Microsoft Word - ageing_.doc
... (e.g. natural gas, taxes related to returns on asset holdings of households and pension funds). the net effect on ... health care expenditures threaten sustainability? health care expenditure may exhibit strong growth for several reasons. for example, there is substantial ... future course of economic policies. our approach is to base calculations on current policies. the reforms of the disability ...
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Microsoft Word - DP128_demooij _2_.doc
... normal return on capital and a low corporate tax rate on economic profit. if base erosion is strong, ace tends to reduce welfare. this occurs in most western european countries. eastern ... rents. household optimization yields expressions for labour supply, consumption, savings and the optimal asset portfolio. asset returns are determined on world markets and we do not explore residence-based taxes ...
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Microsoft Word - bijz90.doc
... is done under modern vats. last but not least, a strong case can be made for applying the standard rate across ... followed by an exposition of the computation of the tax base of each consumption tax, highlighting its equivalence with other consumption taxes ... of services that are consumed over the lifetime of the asset (for example, residential housing, cars, household appliances, and furniture). this ...
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Microsoft Word - DP ECA voorblad.doc
... economic rents. household optimization yields expressions for labour supply, savings and the optimal asset portfolio. asset returns are determined on world markets and we do not explore residence-based taxes ... tax base. the adopted formula with equal weights on employment, capital and output distributes a relatively large share of pro...ts to labour-intensive subsidiaries. for example, in the strong ...
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doc211.pdf
... other banks or investors. these outside parties can then base their commercial decisions on this information. in contrast, soft ... is important. consequently, securitisation is relatively difficult and banks have strong local ties. in the isolated islands scenario, scope economies are ... the stylized fact that banks combine illiquid debt on the asset side of their balance sheet with demand deposits on ...
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Microsoft Word - cpbdoc214.doc
... or redistribution should be left for the central government; the base for local taxes should not be very mobile (e.g ... and moral hazard. transaction costs are determined by frequency, asset specificity and uncertainty. the size and type of transaction ... advantages of centralisation no central government as leviathan, no strong central lobbies disregarding local issues smaller role for local lobbies ...
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Discussion paper
... generational policies. this is especially so because there is a strong age dependency in the net benefit from government during the ... welfare of cohorts such as through regulation and measures affecting asset values in the private sector. especially in the housing ... discusses the data and assumptions and section 4 discusses the base case results. section 5 provides a decomposition of the results ...
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Microsoft Word - cpbdoc_tang.doc
... . by working fewer hours, invest less and consume untaxed products. these responses erode the tax base, thereby reducing tax revenue, as well as reduce economic welfare. 3.3.2 policy reforms ... the evolution of net foreign asset positions for a group of 66 countries period. the estimated relation between demographic structure and net foreign assets is quite strong. the pattern of demographic effects ...
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bijz29.pdf
... factor in the financial flows. this component has a historical base. also the component for workplaces (veterinary science and dentistry) ... (1997), and steel and sausman (1997)). they do not find strong evidence for the existence of externalities related to higher education. in ... to offer study loans by commercial banks there is no asset market for human capital, hence human capital cannot serve as ...
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