We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved heterogeneity in the disutility of work by using panel data...

Over the course of the past few years, too much credit has been made available worldwide, due to financial innovation, overly optimistic expectations and loophole-ridden regulation. Regulatory supervisors have failed because they were unable to prevent this situation. Things took a bad turn...

This report summarises the findings of a study on the growth factors and growth prospects of the business services (BS) industry. It puts Dutch BS industry in an international comparative perspective, identifying its particular strengths and weaknesses. Lees ook het bijbehorende <a...

CPB investigates future policy issues within the telecommunication sector with the aid of so-called 'exogenous developments'.  The aim is to analyse a limited number of developments that are exogenous to policymakers. The policy issues that emerge depend mainly on the trade-off between...

Tight oligopolies are oligopolies the market characteristics of which facilitate the realisation of supranormal profits for a substantial period of time. We entangle the link between market structure and the possibility of welfare reducing behaviour by firms. A useful distinction can be made...

Pleas for a level playing field, for instance in international trade, are often not well-founded. This is because it is not exactly clear what a 'level playing field' means. But even if it would be clear what the plea would imply, a level playing field is not always desirable from an economic...