This CPB Discussion Paper investigates the effect of receiving a grant from the Dutch Technology Foundation STW on the research output of an individual researcher. <strong>We find no evidence that STW grant receipt increases research output for the general funding programme (OTP) whereas the results...</strong>

This study investigates wage leadership in the Netherlands. We empirically examine public and private wages using several wage definitions for the period 1980-2012. We find no evidence for public wage leadership. Moreover, public wages return to their previous equilibrium value three to four...

In response to the challenge of managing the risks of a changing climate, there is no single optimal transition path for energy technology due to uncertainty in several dimensions. In this paper, we use the MERGE model, a long-term optimization model of the global energy and climate systems...

International outsourcing is an important aspect of economic globalization. Since outsourcing leads to more specialization, it is expected to reduce production costs and to increase productivity. <span>This study uses microdata on Dutch firms to investigate the effects of international and domestic...</span>

In this study, we gauge the impact of social interactions on individual retirement preferences. A survey including self-assessments and vignette questions shows that individual preferences are affected by preferences and actual retirement behavior of the social environment. Retirement from...

Large banks derive a funding advantage from being too-big-to-fail, while small banks do not. To estimate the funding advantage we explain the CDS spreads of small banks in six major European countries during the crisis by market fundamentals and bank-specific characteristics. Next, we...

In the policy debate on increasing the statutory retirement age, the issue has been raised to make an exception for workers with demanding occupations, since health considerations may make it unreasonable to expect them to work longer. <span style="color: #000000;">We use unique Dutch survey data to analyze the general...</span>

With a novel approach this paper sheds light on the international tax planning possibilities of multinationals. The international corporate tax system is considered a network, just like for transportation, and ‘shortest’ paths are computed, minimizing tax payments for the...

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. We combine the reduced-form model of the economy from a linear VAR with a non-linear welfare function and obtain analytic solutions for optimal policy. The variables...

This study provides the first estimates of the causal effect of time in school on cognitive skills for many countries around the world, for multiple age groups and for multiple subjects. These estimates enable a comparison of the performance of education systems based on gain scores instead of...