December 19, 2023

Quantifying Misallocation of Public Housing

We investigate how public housing in the Netherlands is distributed among households, and explore the role of the applied non-market allocation mechanism

December 14, 2023

Predictability and (co-)incidence of labor and health shocks

Setbacks such as dismissal or illness can turn the lives of people upside down. This study shows that such adverse events can be anticipated in advance and that their occurrence is strongly interrelated.

November 28, 2023

Causal forests with fixed effects for treatment effect heterogeneity in difference-in-differences

Recently developed heterogeneity-robust two-way fixed effects (TWFE) estimators do not quantify the full heterogeneity in treatment effects in a difference-in-differences research design....

October 24, 2023

Does replacing grants by income-contingent loans harm enrolment? New evidence from a reform in Dutch higher education

This paper evaluates the impact of a reform which replaced universal basic grants by income-contingent loans on enrolment in Dutch higher education using administrative data of ten complete student cohorts....

October 10, 2023

Disentangling business- and tax-motivated bilateral royalty flows

Multinational firms pay for the use of intellectual property (IP). The IP-rights may be located in another country where the royalty income is taxable. This taxation may differ between countries which offers...

September 26, 2023

Mortgage Debt Limits and Buy-to-Let Investors: A Structural Model of Housing with an Endogenous Rental Sector

Since the financial crisis, home ownership rates have decreased across the world. Also in the Netherlands, the size of the rental sector has increased. Decreased access to mortgage debt explains part of this development. We show that tightened mortgage debt limits explain a fifth of the increase in rentals between 2013 and 2019.

July 6, 2023

European Insolvency Law and Firm Leverage

In our new study we find that strengthening insolvency law increases the amount of long-term debt, as a percentage of total assets, on firms’ balance sheets in Europe.

out of business
July 4, 2023

Bank Funding, SME lending and Risk Taking

European companies heavily rely on bank credit to finance their operations and investments. Therefore, it is crucial for banks to take risks on corporate loans, although excessive risk-taking can have negative...

June 29, 2023

Quantifying the non-take-up of a need-based student grant in the Netherlands

Students from lower income families are entitled to apply for a student grant. Not all entitled students do so. We estimate the non-take-up rate of the need-based student grant in the Netherlands and investigate which student characteristics correlate with the non-take-up.

photo of students of the Erasmus University Rotterdam
April 18, 2023

Carbon costs and industrial firm performance: Evidence from international microdata

Entrepreneurs seem to be adapting their business operations to climate policy. There is little to no evidence that climate policy has depressed the profit, productivity or turnover of an average industrial firm.

Business park Pernis with various factories