Publications

August 27, 2020

The impact of a lower return on wealth on optimal wealth accumulation

The return on safe assets has been declining over the past 40 years lowering the return on people’s wealth. Should people save more for retirement to compensate for the lower return on wealth?...

February 13, 2020

Are the savings of Dutch households optimal?

Dutch households (implicitly) have an unusual mix of assets. Particularly their high level of mortgage debts and pension entitlements stand out in an international context. In this paper we examine how Dutch household...

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