Narrow search
Showing 1 - 10 of 2,398
Cover Image
Retirement flexibility and portfolio choice in general equilibrium
Adema, Yvonne; Bonenkamp, Jan; Meijdam, Lex - 2011 - This version: February 4, 2011
This paper explores the interaction between retirement flexibility and portfolio choice in an overlapping-generations model of a closed economy. Retirement flexibility is often seen as a hedge against capital market risks which justifies more risky asset portfolios. We show, however, that this...
Persistent link: https://www.econbiz.de/10011383196
Cover Image
Retirement flexibility and portfolio choice in general equilibrium
Adema, Yvonne; Bonenkamp, Jan; Meijdam, Lex - 2011
Persistent link: https://www.econbiz.de/10008907844
Cover Image
Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
Persistent link: https://www.econbiz.de/10011382085
Cover Image
Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
Persistent link: https://www.econbiz.de/10008746634
Cover Image
Intergenerational sharing of unhedgeable inflation risk
Chen, Damiaan H. J.; Beetsma, Roel; Wijnbergen, Sweder van - 2022 - This version: November 16, 2022
We explore how members of a collective pension scheme can share inflation risks in the absence of suitable financial …
Persistent link: https://www.econbiz.de/10013460026
Cover Image
Cooperation in an overlapping generations experiment
Offerman, Theo; Potters, Jan; Verbon, Harry A. A. - 1998
Recent theoretical work shows that folk theorems can be developed for infiniteoverlapping generations games. Cooperation in such games can be sustained as aNash equilibrium. Besides the efficient cooperative equilibrium there is alsothe inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10011301169
Cover Image
Demography and provisions for retirement : the pension composition, an equilibrium approach
Praag, Bernard M. S. van; Hop, J. Peter - 2018
Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory fully funded occupational pension systems, and mandatory social security financed by pay-as-you-go. The specific mixture of the three systems we will call the pension composition....
Persistent link: https://www.econbiz.de/10011870742
Cover Image
Population ageing and pension reform in a small open economy with non-traded goods
Bettendorf, Leon; Heijdra, Ben J. - 2004
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
Persistent link: https://www.econbiz.de/10011343315
Cover Image
Intergenerational and international welfare leakages of a product subsidy in a small open economy
Bettendorf, Leon; Heijdra, Ben J. - 1997
Persistent link: https://www.econbiz.de/10000959249
Cover Image
Taxing energy to improve the environment : efficiency and distributional effects
Heijdra, Ben J.; Horst, Albert van der - 1998
Persistent link: https://www.econbiz.de/10000981249