Publications

September 25, 2018

The changing landscape of firm financing in Europe, the United States and Japan

We re-examine the structure of the financial sector, with a focus on firm financing, household assets and the structure of the banking sector of the 28 EU member countries, Japan and the United States.

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September 13, 2018

Are substitute services a barrier to controlling long-term care expenditures?

We show that this reform not only affected consumption of this care type, but also the consumption of three other types of long-term care that are financed through another public scheme.

September 3, 2018

The scope of the external return to higher education

This article examines whether the productivity spillovers from a large share of highly educated workers occur within regions, sectors and/or firms. To distinguish between these possibilities, I follow a two-stage procedure to estimate a Mincerian wage equation using matched employer-employee panel data on individual earnings and educational attainment.

May 22, 2018

How large are road traffic externalities in the city? The highway tunneling in Maastricht, the Netherlands

Infrastructure projects are increasingly aiming to improve liveability, in particular in urban areas. We analyse a specifi c case in which an existing highway in an urban area was moved underground in order to improve intercity traffic flows and to reduce traffic externalities.

May 7, 2018

Economic Decision Problems in Multi-Level Flood Prevention: a new graph-based approach used for real world applications

Flood prevention policy is of crucial importance to the Netherlands. We assess economical optimal flood prevention where multiple barrier dams and dikes protect the hinterland against sea level rise and peak river discharges. Current optimal flood prevention methods only consider dike rings with no dependencies between dikes. We propose a graph-based model for a cost-benefit analysis to determine optimal dike heights with multiple dependencies between dikes and barrier dams.

March 29, 2018

Does managed competition constrain hospitals’ contract prices? Evidence from the Netherlands

In the Dutch health care system health insurers negotiate with hospitals about the pricing of hospital products in a managed competition framework. In this paper, we study these contract prices that became for the first time publicly available in 2016. The data show substantive price variation between hospitals for the same products, and within a hospital for the same product across insurers.

February 28, 2018

Why do wages grow faster in urban areas? Sorting of high potentials matters

The existence of an urban wage growth premium is a well-established empirical fact. This article challenges the conventional view that faster wage growth for urban workers is caused by human capital spillovers.

February 28, 2018

Complexities in the spatial scope of agglomeration economies

This article argues that the spatial scope of agglomeration economies is much more complex than is often assumed in the agglomeration literature. We provide insight into this issue by analyzing panel data on individual wages with a high level of spatial detail.

February 15, 2018

Optimal Taxation of Secondary Earners in the Netherlands: Has Equity Lost Ground?

The Netherlands witnessed major reforms in the taxation of (potential) secondary earners over the past decade. Using the inverse-optimal method of optimal taxation we recover the implicit social welfare weights of single- and dual-earner couples over time. The social welfare weights are grosso modo well-behaved before the reforms.

February 14, 2018

Do paid teacher trainee programs lead to additional teachers in secondary education? A Regression Discontinuity Analysis

This paper evaluates the quantitative effects of two teacher traineeships that were implemented in the Netherlands to address shortages of fully qualified teachers in secondary education. Applying a fuzzy regression discontinuity design, we estimate the effects of being selected to participate in one of the traineeships. We find no significant local average treatment effects of being selected on the probabilities of enrolling into academic teacher training, obtaining a full teaching qualification, and on working in education, although the point estimates are positive for the first two outcome variables.