We estimate the effect of graduating during a recession on the early careers of high educated graduates in the Netherlands between 1996 and 2012. Exploiting field-specific differences in un-employment rates, we find that graduates on average suffer a 2.3% lower wage in a typical recession in their first year.
CPB Discussion Paper 356, 6 July 2017, Go to publication
Governments, when designing support for venture capital financing, face a choice to either sponsor existing private VC funds or organize and manage their own public VC funds.
CPB Discussion Paper 355, 21 June 2017, Go to publication
This paper studies the causal relation between effective marginal tax rates for the self-employed and their taxable income using panel data for the period 1999-2012. This period contains three tax reforms that we use to identify the elasticity of taxable income (ETI).
CPB Discussion Paper 354, 16 June 2017, Go to publication
The question is no longer if, but when and how unconventional monetary policy will be phased out. The undoing of the unconventional policies will affect European economies, just as their build up stimulated the euro area economy.Read more
CPB Netherlands Bureau for Economic Policy Analysis has published the results of its assessment of the election manifestos. The report, Charted Choices 2018-2021, contains an analysis of the financial-economic choices made by 11 Dutch political parties. Differences between them proved to be large.Read more