This paper presents stochastic simulations, i.e. simulations that combine the CGE model of the Dutch economy GAMMA with stochastic population projections, to quantify uncertainties surrounding the consequences of population ageing for Dutch public finances. The expected increase in the ratio of...

Using the CGE model WorldScan, we assess the benefits for the EU member states of jointly reaching four of the Lisbon targets (i.e. 70% employment, skills upgrades, increased R&D expenditures and administrative burden reductions of 25%), compared with the alternative when each country...

In this paper, we analyze the effect of access regulation and retail price regulation of PSTN networks on the adoption of a new technology in the form of VoIP. The introduction of packet-switched telephony in the form of VoIP raises concerns about current regulatory practice of access,...

This paper estimates the Baumol effect in health spending, using a panel data set of OECD countries. Health expenditure as a share of GDP rises in most OECD countries. One of the possible causes is the so-called Baumol effect, which may arise if labour productivity in health care grows more...

We advance three reasons for preferring the Anglo-Saxon business model above the Rhineland model. First, serving multiple stakeholders leads to ill-defined property rights. Second, giving workers a claim on the surplus of the firm raises the cost of capital for investments in jobs. Third,...

We investigate four sources of uncertainty with CPB’s macroeconomic model SAFFIER: provisional data, exogenous variables, model parameters and residuals of behavioural equations. Uncertainty is an inherent attribute of any forecast. We apply a Monte Carlo simulation technique to...

in this paper we investigate the individual returns to a doctorate education in the Netherlands over the first twenty years of a career. We compare monthly incomes of PhDs to that of Master graduates with the same years of experience, gender and field of study and who took the same time to...

The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

We review the literature on finance and growth with a focus on developed countries We find little evidence that increases in the traditional proxies for financial development will enhance growth in these countries. Potential causes include: decreasing returns, misallocation of credit,...

This research applies a task-based approach to measure and interpret changes in the employment structure of the 168 largest US cities in the period 1990-2009. As a result of technological change some tasks can be placed at distance, while others require proximity. We construct a measure of...