Bikker, Jacob A.; Knaap, Thijs; Romp, Ward E. - In: Applied Economics 46 (2014) 17, pp. 1996-2009
This article investigates responses to changes in solvency by occupational pension funds using a unique panel data set containing the balance sheets of all registered pension funds in the Netherlands over a period of 13 years (1993--2005). A fixed discount rate for liabilities in the supervisory...