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Risk Sharing in Defined-Contribution Funded Pension System

Beetsma, Roel M. W. J. - 2011

This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We … consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate …

Persistent link: https://www.econbiz.de/10013117291

Risk Sharing in Defined-Contribution Funded Pension Systems

Beetsma, Roel M. W. J. - 2011

Persistent link: https://www.econbiz.de/10013118167

Intergenerational Risk-Sharing Through Funded Pensions and Public Debt

Chen, Damiaan - 2014

We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt …

Persistent link: https://www.econbiz.de/10013058155

Risk Reallocation in Defined-Contribution Funded Pension Systems

Beetsma, Roel M. W. J. - 2014

This paper explores the introduction of collective risk-reallocation elements in defined contribution pension contracts …. We consider status-contingent, age-contingent and asset-contingent arrangements to reallocate risk among participants …. Eliminating asset market risk for the retired raises their welfare, while it lowers welfare of the workers, despite the fact that …

Persistent link: https://www.econbiz.de/10013062190

From First-Release to Ex-Post Fiscal Data : Exploring the Sources of Revision Errors in the EU

Beetsma, Roel M. W. J. - 2011

This paper explores the determinants of deviations of ex-post budget outcomes from first-release outcomes published towards the end of the year of budget implementation. The predictive content of the first-release outcomes is important, because these figures are an input for the next budget and...

Persistent link: https://www.econbiz.de/10013125053

Pensions Under Ageing Populations and the EU Stability and Growth Pact

Beetsma, Roel M. W. J. - 2012

This paper explores how the Stability and Growth Pact (SGP) may cope with the future costs of population ageing in the European Union. Clearly, population ageing has forced countries to reform their pension systems, and will continue to do so, both by reducing the generosity of pension...

Persistent link: https://www.econbiz.de/10013111459

The Impact of News and the SMP on Realized (Co)Variances in the Eurozone Sovereign Debt Market

Beetsma, Roel M. W. J. - 2014

We use realised variances and co-variances based on intraday data from Eurozone sovereign bond market to measure the dependence structure of eurozone sovereign yields. Our analysis focuses on the impact of news, obtained from the Eurointelligence newsflash, on the dependence structure. More news...

Persistent link: https://www.econbiz.de/10013060538

Unconventional Monetary Policy and Auction Cycles of Eurozone Sovereign Debt

Van Spronsen, Josha - 2020

We provide evidence that the ECB's unconventional monetary policy dampens yield cycles in secondary Eurozone sovereign debt markets around new sovereign debt auctions. This eﬀect increases in market volatility. Cycles caused by domestic auctions and the role of market volatility are largest...

Persistent link: https://www.econbiz.de/10012846683

EU Fiscal Rules : Further Reform or Better Implementation?

Beetsma, Roel M. W. J. - 2020

EU fiscal rules are a highly divisive topic. Although there is a broad consensus that rules are needed to ensure a … risk reduction and risk sharing combined with a stronger role for independent institutions …

Persistent link: https://www.econbiz.de/10012848869

Reconciling Stability and Growth Smart Pacts and Structural Reforms

Beetsma, Roel M. W. J. - 2006

This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....

Persistent link: https://www.econbiz.de/10012782634