This paper deals with the relation between the term structure of rents and future spot rents.

This paper pinpoints the development of the Commission's policy on rail infrastructure charges through to Directive 2001/14.

... Mit der Richtlinie werden die Voraussetzungen für grenzüberschreitende Aktivitäten von Pensionsfonds und ähnlichen Einrichtungen geschaffen. Das grenzüberschreitende Leistungsangebot wird zur Mitte des Jahrzehnts erstmals möglich werden ...

In the 1990's, demographic and economic prospects obliged European countries to reform pensions. More redently, the European COmmission, the OCED and policy makers have been concerned to take measures which encourage silver workers to work later either in their end-of.career company or...

Aufgrund der demographischen Entwicklung kommen auf die gesetzliche Rentenversicherungin den nächsten Jahrzehnten große Belastungen zu. Die Verschiebungder Altersstruktur der Bevölkerung mit einem steigenden Anteil derNichterwerbspersonen im Alter von 65 und mehr Jahren hat zur Folge, dass...

Contracts paying a guaranteed minimum rate of return and a fraction of a positive excess rate, whichis specified relative to a benchmark portfolio, are closely related to unit-linked life-insurance productsand can be considered as alternatives to direct investment in the underlying benchmark....

Several studies show that employees with firm-specific skills are more likely to be covered by employer-sponsored pension schemes than workers with general skills. Therefore it can be expected that workers with firm-specific skills retire earlier. This paper tests this prediction using US data...