Publications

Multinational firms pay for the use of intellectual property (IP). The IP-rights may be located in another country where the royalty income is taxable. This taxation may differ between countries which offers... →

Since the financial crisis, home ownership rates have decreased across the world. Also in the Netherlands, the size of the rental sector has increased. Decreased access to mortgage debt explains part of this development. We show that tightened mortgage debt limits explain a fifth of the increase in rentals between 2013 and 2019. →

In our new study we find that strengthening insolvency law increases the amount of long-term debt, as a percentage of total assets, on firms’ balance sheets in Europe. →

European companies heavily rely on bank credit to finance their operations and investments. Therefore, it is crucial for banks to take risks on corporate loans, although excessive risk-taking can have negative... →

Students from lower income families are entitled to apply for a student grant. Not all entitled students do so. We estimate the non-take-up rate of the need-based student grant in the Netherlands and investigate which student characteristics correlate with the non-take-up. →

Entrepreneurs seem to be adapting their business operations to climate policy. There is little to no evidence that climate policy has depressed the profit, productivity or turnover of an average industrial firm. →

In this paper, we use machine learning techniques to predict whether a company would have left the market in a world without corona. These predictions show that unhealthy companies applied for support less often than healthy companies. But we also show that the COVID-19 support has prevented most exits among unhealthy companies. This indicates that the corona support measures have had a negative impact on productivity growth. →

Researchers who receive the Rubicon grant perform the same as comparable non-awarded applicants on a number of academic outcomes, such as the number of scientific publications and the citation score. →

We show that gifts made to heirs before death are substantial and highly responsive to taxation. Therefore, characterising them and understanding their determinants is crucial for tax design. We use high-quality, intergenerationally-linked data on wealth, gifts, and medical expenses from the Netherlands. →

We compare machine learning techniques to a large Bayesian VAR for nowcasting and forecasting world merchandise trade. We focus on how the predictive performance of the machine learning models changes when they have... →