Publications

June 24, 2019

Income and wealth during the course of life

Do households diminish their wealth during retirement? The life-cycle model by Modigliani and Brumberg (1954) suggests they do, but the empirical evidence in the literature does not support this hypothesis.

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May 27, 2016

Determinants of long-term interest rates

The nominal long-term interest rate decreased in the past decades due to the decrease in (expected) inflation and in potential growth and due to changes in the age structure of the population.

December 21, 2015

The allocation of financial risks during the life cycle in individual and collective DC pension contracts

This paper measures how financial shocks - equity market, interest rate or inflation shocks - affect different generations of participants in pension schemes.

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September 12, 2013

Effecten macrostabiele discontovoet

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

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