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March 24, 2017

The role of inflation-linked bonds

The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts?

March 24, 2017

The role of inflation-linked bonds

The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts?

April 6, 2011

Defined Benefit Pension Schemes: A Welfare Analysis of Risk Sharing and Labour Market Distortions

This CPB Discussion Paper addresses two policy questions with respect to public defined benefit (DB) pension schemes.

No title
April 1, 2011

Intergenerational Risk Sharing in Time-Consistent Funded Pension Schemes

Intergenerational risk sharing by funded pension schemes may increase welfare in an ex ante sense. However, it also suffers from a time inconsistency problem.

No title
April 1, 2011

Intergenerational Risk Sharing in Time-Consistent Funded Pension Schemes

Intergenerational risk sharing by funded pension schemes may increase welfare in an ex ante sense. However, it also suffers from a time inconsistency problem.

No title
March 30, 2011

Risicoverdeling bij hervorming van het aanvullend pensioen

This document is in Dutch, there is no English translation.

No title
March 30, 2011

Risicoverdeling bij hervorming van het aanvullend pensioen

This document is in Dutch, there is no English translation.

No title
June 7, 2010

Intergenerational risk sharing and labour supply in collective funded pension schemes with defined benefits

Welfare gains from intergenerational risk sharing dwarf losses from labour market distortions in collective funded pension schemes.