Centraal Planbureau

Displaying 1-12 of 12 results

  • White Papers // Apr 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: Firstly, does a funded DB pension scheme increase welfare? In other words: do the gains from intergenerational sharing of capital market risks outweigh the labour market distortions from pension schemes? Secondly, how large...

    Provided By Centraal Planbureau

  • White Papers // Apr 2011

    Systemic Risk Across Sectors: Are Banks Different?

    This research compares systemic risk in the banking sector, the insurance sector, the construction sector, and the food sector. To measure systemic risk, the authors use extreme negative returns in stock market data for a time-varying panel of the 20 largest U.S. firms in each sector. They find that systemic...

    Provided By Centraal Planbureau

  • White Papers // Mar 2011

    Flexible Retirement

    Flexible retirement and flexible pension schemes are in practice closely linked because of imperfect capital markets and institutional restrictions. This paper discusses three conditions to provide insurance through flexible retirement. First, it should be possible to adjust the pension starting date at limited cost. This condition is gradually being fulfilled,...

    Provided By Centraal Planbureau

  • White Papers // Feb 2011

    Knowledge Diffusion From FDI And Intellectual Property Rights

    The authors study the extent to which a country's strength of Intellectual Property Rights (IPR) protection mediates knowledge spillovers from Foreign Direct Investment (FDI). Following the opposing views in the IPR debate, they propose a negative effect of IPR strength on unintentional horizontal (intra-industry) knowledge diffusion, and a positive effect...

    Provided By Centraal Planbureau

  • White Papers // Jul 2010

    The Effects Of A Change In Market Abuse Regulation On Abnormal Returns and Volumes: Evidence From The Amsterdam Stock Market

    The Market Abuse Directive came into effect on 1 October 2005. One of its purposes is to reduce illegal insider trading and leakage of information prior to official releases by increasing penalties. Applying an event study approach to a dataset of almost 5,000 corporate news announcements, the analysis reveals that...

    Provided By Centraal Planbureau

  • White Papers // Jun 2010

    Health Insurance Competition: The Effect Of Group Contracts

    In countries like the US and the Netherlands health insurance is provided by private firms. These private firms can offer both individual and group contracts. The strategic and welfare implications of such group contracts are not well understood. Using a Dutch data set of about 700 group health insurance contracts...

    Provided By Centraal Planbureau

  • White Papers // Feb 2010

    Selective Contracting And Foreclosure In Health Care Markets

    The authors analyze exclusive contracts between health care providers and insurers in a model where some consumers choose to stay uninsured. In case of a monopoly insurer, exclusion of a provider changes the distribution of consumers who choose not to insure. Although the foreclosed care provider remains active in the...

    Provided By Centraal Planbureau

  • White Papers // Oct 2009

    Optimal Tax Progressivity In Unionised Labour Markets What Are The Driving Forces?

    In labour markets with collective wage bargaining higher progressivity of the labour income tax creates a trade-off. On the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is distorted at the hours-of-work margin. The optimal level of tax progressivity within this...

    Provided By Centraal Planbureau

  • White Papers // Mar 2009

    Competition for Access: Spectrum Rights and Downstream Access in Wireless Telecommunications

    In the market for wireless telecommunications, radio spectrum is an essential input. The authors study downstream entry and capacity choice in this market, where licenses to use radio spectrum are owned by vertically integrated duopolists. Prior to network construction, these incumbents may offer contracts for capacity to an entrant, granting...

    Provided By Centraal Planbureau

  • White Papers // Mar 2009

    Competition, Innovation And Intellectual Property Rights In Software Markets

    This paper analyzes under which circumstances it may be desirable for the government to stimulate open source software as a response to market failures in software markets. To consider whether policy intervention can increase dynamic efficiency, the authors discuss the differences between proprietary software and open source software with respect...

    Provided By Centraal Planbureau

  • White Papers // Feb 2009

    Taxation And Regulation Of Smoking, Drinking And Gambling In The European Union

    Smoking is the single largest cause of avoidable death in the European Union accounting for over half a million deaths each year. One in ten of all 11-year olds have been drunk twice or more times, possibly causing lasting physical and mental harm. Electronic gaming machines are the crack cocaine...

    Provided By Centraal Planbureau

  • White Papers // Nov 2008

    The Effect Of Childhood Conduct Disorder On Human Capital

    This paper estimates the longer-term effects of childhood conduct disorder on human capital accumulation and violent and criminal behaviour later in life using data of Australian twins. The authors measure conduct disorder with a rich set of indicators based on diagnostic criteria from psychiatry (e.g., aggression to people and animals,...

    Provided By Centraal Planbureau

  • White Papers // Jun 2010

    Health Insurance Competition: The Effect Of Group Contracts

    In countries like the US and the Netherlands health insurance is provided by private firms. These private firms can offer both individual and group contracts. The strategic and welfare implications of such group contracts are not well understood. Using a Dutch data set of about 700 group health insurance contracts...

    Provided By Centraal Planbureau

  • White Papers // Feb 2010

    Selective Contracting And Foreclosure In Health Care Markets

    The authors analyze exclusive contracts between health care providers and insurers in a model where some consumers choose to stay uninsured. In case of a monopoly insurer, exclusion of a provider changes the distribution of consumers who choose not to insure. Although the foreclosed care provider remains active in the...

    Provided By Centraal Planbureau

  • White Papers // Mar 2009

    Competition for Access: Spectrum Rights and Downstream Access in Wireless Telecommunications

    In the market for wireless telecommunications, radio spectrum is an essential input. The authors study downstream entry and capacity choice in this market, where licenses to use radio spectrum are owned by vertically integrated duopolists. Prior to network construction, these incumbents may offer contracts for capacity to an entrant, granting...

    Provided By Centraal Planbureau

  • White Papers // Mar 2009

    Competition, Innovation And Intellectual Property Rights In Software Markets

    This paper analyzes under which circumstances it may be desirable for the government to stimulate open source software as a response to market failures in software markets. To consider whether policy intervention can increase dynamic efficiency, the authors discuss the differences between proprietary software and open source software with respect...

    Provided By Centraal Planbureau

  • White Papers // Apr 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: Firstly, does a funded DB pension scheme increase welfare? In other words: do the gains from intergenerational sharing of capital market risks outweigh the labour market distortions from pension schemes? Secondly, how large...

    Provided By Centraal Planbureau

  • White Papers // Feb 2011

    Knowledge Diffusion From FDI And Intellectual Property Rights

    The authors study the extent to which a country's strength of Intellectual Property Rights (IPR) protection mediates knowledge spillovers from Foreign Direct Investment (FDI). Following the opposing views in the IPR debate, they propose a negative effect of IPR strength on unintentional horizontal (intra-industry) knowledge diffusion, and a positive effect...

    Provided By Centraal Planbureau

  • White Papers // Oct 2009

    Optimal Tax Progressivity In Unionised Labour Markets What Are The Driving Forces?

    In labour markets with collective wage bargaining higher progressivity of the labour income tax creates a trade-off. On the one hand, wages are lowered and unemployment decreases, on the other hand, the individual labour supply decision is distorted at the hours-of-work margin. The optimal level of tax progressivity within this...

    Provided By Centraal Planbureau

  • White Papers // Jul 2010

    The Effects Of A Change In Market Abuse Regulation On Abnormal Returns and Volumes: Evidence From The Amsterdam Stock Market

    The Market Abuse Directive came into effect on 1 October 2005. One of its purposes is to reduce illegal insider trading and leakage of information prior to official releases by increasing penalties. Applying an event study approach to a dataset of almost 5,000 corporate news announcements, the analysis reveals that...

    Provided By Centraal Planbureau

  • White Papers // Feb 2009

    Taxation And Regulation Of Smoking, Drinking And Gambling In The European Union

    Smoking is the single largest cause of avoidable death in the European Union accounting for over half a million deaths each year. One in ten of all 11-year olds have been drunk twice or more times, possibly causing lasting physical and mental harm. Electronic gaming machines are the crack cocaine...

    Provided By Centraal Planbureau

  • White Papers // Nov 2008

    The Effect Of Childhood Conduct Disorder On Human Capital

    This paper estimates the longer-term effects of childhood conduct disorder on human capital accumulation and violent and criminal behaviour later in life using data of Australian twins. The authors measure conduct disorder with a rich set of indicators based on diagnostic criteria from psychiatry (e.g., aggression to people and animals,...

    Provided By Centraal Planbureau

  • White Papers // Apr 2011

    Systemic Risk Across Sectors: Are Banks Different?

    This research compares systemic risk in the banking sector, the insurance sector, the construction sector, and the food sector. To measure systemic risk, the authors use extreme negative returns in stock market data for a time-varying panel of the 20 largest U.S. firms in each sector. They find that systemic...

    Provided By Centraal Planbureau

  • White Papers // Mar 2011

    Flexible Retirement

    Flexible retirement and flexible pension schemes are in practice closely linked because of imperfect capital markets and institutional restrictions. This paper discusses three conditions to provide insurance through flexible retirement. First, it should be possible to adjust the pension starting date at limited cost. This condition is gradually being fulfilled,...

    Provided By Centraal Planbureau