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PflegegeldbezieherInnen um rund 25%. Die Finanzierung der Pflege älterer Menschen sowie die effiziente Gestaltung der Pflegeleistungen sind … Wirtschaftsforschung, die sich mit unterschiedlichen Fragen und Problemstellungen zur Finanzierung des österreichischen Pflegesystems …
Persistent link: https://www.econbiz.de/10012319069
Credit risk is an important issue in many finance areas, such as the determination of cost of capital, the valuation of corporate bonds and pricing of credit derivatives. Credit risk has also been a cause and consequence of the current financial crisis. Thus, methods for measuring credit risk,...
Persistent link: https://www.econbiz.de/10010276410
This paper develops an open economy portfolio balance model with endogenous asset supply. Domestic producers finance capital goods through credit and bonds in accordance with debt capital costs as well as through equity assets. Private households hold a portfolio of domestic and foreign assets,...
Persistent link: https://www.econbiz.de/10010311698
Eine erste systematische, modellgestützte Untersuchung der ökologischen Steuerreform in Deutschland kommt zu moderaten bis positiven Effekten auf Wirtschaftswachstum, Beschäftigung, Energieverbrauch und CO2-Emissionen. Für die Analyse wurden zwei gesamtwirtschaftliche Modelle - ein...
Persistent link: https://www.econbiz.de/10010260765
Contrary to static mean-variance analysis, very few papers have dealt with dynamic mean-variance analysis. Here, the mean-variance efficient self-financing portfolio strategy is derived for n risky assets in discrete and continuous time. In the discrete setting, the resulting portfolio is...
Persistent link: https://www.econbiz.de/10010305021
In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...
Persistent link: https://www.econbiz.de/10010325586
We examine the effects of collateralized borrowing in a realistically parameterized life-cycle portfolio choice problem. We provide basic intuition in a two-period model and then solve a multi-period model computationally. Our analysis provides insights into life-cycle portfolio choice relevant...
Persistent link: https://www.econbiz.de/10010282755
gesetzlichen Pension und dem gewünschten Einkommensniveau im Alter durch zusätzliche private Altersvorsorge ausgleichen. Daneben … können Arbeitgeber für ihre Beschäftigten im Rahmen der betrieblichen Altersvorsorge ein Zusatzeinkommen im Alter aufbauen … Instrumentarium an Anreizen zur Altersvorsorge erweiterten und mit neuen Elementen versahen. Als die wichtigsten neuen …
Persistent link: https://www.econbiz.de/10012319072
Bivariate time series data often show strong relationships between the two components, while both individual variables can be approximated by random walks in the short run and are obviously bounded in the long run. Three model classes are considered for a time-series model selection problem:...
Persistent link: https://www.econbiz.de/10010292780
This paper proposes a strategy to increase the efficiency of forecast combining methods. Given the availability of a wide range of forecasting models for the same variable of interest, our goal is to apply combining methods to a restricted set of models. To this aim, an algorithm procedure based...
Persistent link: https://www.econbiz.de/10010294027