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Changes in Consumption and Activities at Retirement

Hurd, Michael; Rohwedder, Susann - de Nederlandsche Bank - 2005

based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement … spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement. The reduction cannot …

Persistent link: https://www.econbiz.de/10005106653

Can subjective survival expectations explain retirement behaviour?

O'Donnell, Owen; Teppa, Federica; Doorslaer, Eddy van - de Nederlandsche Bank - 2008

Theory predicts a number of mechanisms through which survival expectations influence retirement decisions: a wealth … Ageing to test whether the timing of retirement is responsive to subjective survival expectations. Measurement error in … sensitive to allowing for endogeneity. Surprisingly, the retirement behaviour of the less educated is more sensitive to survival …

Persistent link: https://www.econbiz.de/10005106676

Extreme Stock Return Co-movements of Financial Institutions: Contagion or Interdependence?

Minderhoud, Koen - de Nederlandsche Bank - 2003

This paper investigates contagion of major financial institutions by focusing on extreme stock return co-movements. Our measure of contagion within banking and insurance sectors is the number of coincidences of daily extreme returns that cannot be explained by a linear propagation model of...

Persistent link: https://www.econbiz.de/10005101914

Systemic Risk in the Dutch Financial Sector

Minderhoud, Koen - de Nederlandsche Bank - 2003

This paper investigates systemic risk in the Dutch financial sector by focusing on extreme returns of the major financial institutions. Our measure of systemic risk is the number of coincidences of extreme returns that cannot be explained by a linear model of constant correlation. By using a...

Persistent link: https://www.econbiz.de/10005106754

Employer Matching and 401(k) Saving: Evidence from the Health and Retirement Study

Engelhardt, Gary V.; Kumar, Anil - de Nederlandsche Bank - 2006

Employer matching of employee 401(k) contributions can provide a powerful incentive to save for retirement and is a key …-plan data from the Health and Retirement Study, this analysis formulates a life-cycle-consistent two-limit censored regression …

Persistent link: https://www.econbiz.de/10005101835

Defined Benefit Pension Plans and Regulation

Vlaar, Peter - de Nederlandsche Bank - 2005

In this paper, it is investigated to what extent optimal investment policy by Dutch pension funds is affected by changes in regulation. It turns out that a complete market valuation method increases the cost of the defined benefit pension relative to a fixed discount rate method, as high pension...

Persistent link: https://www.econbiz.de/10005021827

Risk Sharing and Efficiency Implications of Progressive Pension Arrangements

Fehr, Hans; Habermann, Christian - de Nederlandsche Bank - 2005

The present paper aims to quantify the welfare e.ects of progressive pension arrangements in Germany. Starting from a purely contribution-related benefit system, we introduce basic allowances for contributions and a flat benefit fraction. Since our overlapping-generations model takes into...

Persistent link: https://www.econbiz.de/10005021830

Portfolio Management by Dutch Households: an Analysis on the Basis of Basis of Survey

End, W.A. van den; Kakes, J.I.; Rooij, M.C.J. van; … - de Nederlandsche Bank - 2002

This report analyses the portfolio behaviour of Dutch households. The study is partly based on information from a broad survey commissioned by the Nederlandsche Bank, held in March of this year. The investigation shows that risk bearing elements are becoming more and more important in households...

Persistent link: https://www.econbiz.de/10005021857

Pensions and public opinion: a survey among dutch households

Els, P.J.A. van; End, W.A. van den; Rooij, M.C.J. van - de Nederlandsche Bank - 2003

This paper reports on the findings of a survey among Dutch households (as part of the DNB Household Survey in 2003) about many aspects (expectations, concerns, attitude and preferences) of their pensions and the old-age-arrangements in the Netherlands. We explore whether the outcomes are related...

Persistent link: https://www.econbiz.de/10005021875

Financial behaviour of Dutch households: analysis of the DNB Household Survey 2003

Els, P.J.A. van; End, W.A. van den; Rooij, M.C.J. van - de Nederlandsche Bank - 2003

This paper presents an analysis of the financial behaviour of Dutch households on the basis of the DNB Household Survey. The results of this survey provide insight into the backgrounds and consequences of the persistent rise of household debt. The increase in mortgage debt is related to mortgage...

Persistent link: https://www.econbiz.de/10005021883