This paper assesses to which extent the policy of reducing employers' social security contributions has increased market sector employment in 1995-2000. The analytical framework is a macroeconometric labour market model of the market sector that models added value, the employment of labour and...

Dutch Abstract: Schuldeisers en aandeelhouders hebben een verschillende aanspraak op het vermogen van de vennootschap. Schuldeisers hebben als eerste recht op uitbetaling uit het vermogen. En hun aanspraak - en bij faillissement hun verlies - bedraagt maximaal het bedrag van hun vordering....

In cost-effectiveness analysis (CEA) it is usually assumed that a QALY is of equal value to everybody, irrespective of the patient's age. However, it is possible that society assigns different social values to a QALY according to who gets it. In this paper we discuss the possibility of weighting...

In the empirical literature, not much support is found for the uncovered interest parity. Especially with free floating exchange rates, the forward rate is a biased predictor of the future exchange rate. This phenomenon can both be explained by an absence of rational expectations or by risk...

One of the major puzzles of the economic profession is the pricing of exchange rates. Despite the development of numerous theories, the actual behaviour of exchange rates, especially in the short run, is not well understood. This article evaluates several popular exchange rate theories and...