English version of this paper can be found at 'http://ssrn.com/abstract=2435295' http://ssrn.com/abstract=2435295Dutch Abstract: de combinatie van weg en dijk bespaart kosten, en genereert tegelijkertijd nieuwe bronnen van inkomsten. Als gevolg hoeft de functie van waterkering geen extra risico...

This Paper conducts on a simulation to estimate the administrative investment necessary for maintaining and updating the infrastructure of present-day Japanese Prefectures. The field of the analyzed infrastructure is four fields (the road, water service, drainage, and the trash disposal...

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...

The educational attainment of the Dutch labour force is lower than in neighbouring countries. Despite this worrying picture, and the fact that financial resources devoted to education are relatively small, it is argued that increasing public expenditure is not the obvious answer. As the social...