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Pensions, Debt and Inflation Risk in a Monetary Union

Adema, Yvonne - Tinbergen Instituut - 2010

-generations model, where one country has PAYG pensions and the other country has funded pensions. The paper shows that the PAYG country …

Persistent link: https://www.econbiz.de/10011257504

Risk Pooling through Transfers in Rural Ethiopia

Pan, Lei - Tinbergen Instituut - 2007

It is often assumed that transfers received from governments, nongovernment organizations (NGOs), friends and relatives help rural households to pool risk. In this paper I investigate two functions of transfers in Ethiopia: risk pooling and income redistribution. Unlike most of the literature...

Persistent link: https://www.econbiz.de/10011257209

Differentiating Indexation in Dutch Pension Funds

Beetsma, Roel; Bucciol, Alessandro - Tinbergen Instituut - 2010

">'De Economist'</A>, 159(3), 323-360.<p>We investigate numerically how indexation of funded pensions for inflation can be differ …

Persistent link: https://www.econbiz.de/10011255723

Generational Accounting, Solidarity and Pension Losses

Teulings, Coen N.; Vries, Casper G. de - Tinbergen Instituut - 2003

The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...

Persistent link: https://www.econbiz.de/10011255727

Sequential Auctions, Price Trends, and Risk Preferences

Hu, Audrey; Zou, Liang - Tinbergen Instituut - 2014

We analyze sequential Dutch and Vickrey auctions where risk averse, or risk preferring, bidders may have heterogeneous risk exposures. We derive and characterize a pure strategy equilibrium of both auctions for arbitrary number of identical objects. A sufficient, and to certain extent necessary,...

Persistent link: https://www.econbiz.de/10011256734

Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - Tinbergen Instituut - 2003

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model … to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the … household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time …

Persistent link: https://www.econbiz.de/10011256677

Self-Employment around Retirement Age

Hochguertel, Stefan - Tinbergen Instituut - 2010

This paper uses panel data from the pan-European SHARE survey to study labor market behavior of older male self-employed vis-a-vis wage employed workers. We find the self-employed to work longer hours, to be more flexible in their hours allocation, and to retire later in all countries. We relate...

Persistent link: https://www.econbiz.de/10011256137

Mapping the Minds of Retirement Planners

Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - Tinbergen Instituut - 2006

This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...

Persistent link: https://www.econbiz.de/10011256396

Informal Sector in Developed and less Developed Countries: A Literature Survey

Gerxhani, Klarita - Tinbergen Instituut - 1999

The main goal of this study is two-fold: (1) to provide a general overview of thecontributions to the literature on the informal sector, with a special focus on the PublicChoice approach; and (2) to compare these contributions across two institutionallydifferent types of countries: developed and...

Persistent link: https://www.econbiz.de/10011255865

For Better and for Worse - How Unpaid Bride Wealth provides Security

Hoogeveen, Hans - Tinbergen Instituut - 2000

The obligation to pay bride wealth at marriage is usually associated with thecontinuation of the lineage or considered a compensation for the loss of laborfor the family that provides the bride. In this paper a different interpretationis advanced. The obligation to pay of bride wealth is seen as...

Persistent link: https://www.econbiz.de/10011255899