This paper explains the theoretical background, the analytical methods, calibrations, assumptions and computations of the skill inputs for the WorldScan analysis on the skills targets of the Lisbon agenda. The Lisbon skills targets are implemented in WorldScan using most recent theoretical and...

Uncertainty in demographic developments lowers expected future welfare levels. Increasing current tax rates and decreasing expected future tax rates may compensate part of the welfare loss that is due to demographic uncertainty. In doing so, the government effectively pursues a precautionary...

This paper investigates the effects of education vouchers for teachers. We study effects on enrollment and completion of higher education programs, and on the retention of teachers in the education sector. We do this by exploiting a fuzzy regression discontinuity design. Read also the...

In this paper, we measure the effectiveness of the Dutch public employment service (PES) for various performance measures, ranging from outflow rates to the timeliness of the benefits allocation. Using unique administrative monthly data from local PES offices during 2004, we exploit the fact...

We use a dynamic stochastic general equilibrium model to determine efficient discount rates for climate (mitigation and adaptation) and non-climate investment in the face of climate change. Our main result is that the non-diversifiable risk in the economy may be related to both shocks in...

After the flood disaster in 1953 in the southwestern part of the Netherlands, Van Dantzig tried to solve the economic-decision problem concerning the optimal height of dikes. His formula with a fixed exceedance probability after each investment (Econometrica, 1956) is still in use today in...

The key question dealt with in this report is whether and how governments should be involved in taking measures regarding security of energy supply. In order to answer this question, we developed a framework for cost-benefit analysis and applied this framework to a number of policy...

This report analyses three instruments aimed at increasing the reliability of electricity production. Read also the accompanying <a href="http://www.cpb.nl/en/pressrelease/3213057/government-measures-raise-security-energy-supply-are-expensive">press release</a> and Special Publication '<a href="http://www.cpb.nl/en/publication/energy-policies-and-risks-energy-markets-cost-benefit-analysis">Energy policies and risks on energy markets; a cost-benefit analysis</a>'. In the system of capacity markets, the transmission...

Using a general equilibrium model in which both capital productivity and temperature are uncertain, we show that the social discount rate (SDR) will decline from 1% in 2010 to 0.6% in 2300 under the conventional, quadratic specification of the damage function, and to -2.0% under the reactive...

This paper investigates the effect of coaching in vocational education on school dropout using data from a randomized experiment. We find that one year of coaching reduces school dropout by more than 40 percent from 17 to 10 percentage points. The reduction in school dropout results from two...