Essays on pay-as-you-go pension schemes, demographics, fiscal policy, credit rationing and house prices

Willem Heeringa

Research output: ThesisDoctoral Thesis

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Abstract

The four essays collected in this PhD thesis concern pay-as-you-go pension schemes, demographics, fiscal policy, credit constraints and house prices. The first essay shows how a pay-as-you-go pension scheme affects an individual’s optimal investment portfolio over the lifecycle. The second essay investigates policy options to keep the pay-as-you-go pension scheme in the Netherlands (AOW scheme) sustainable in the face of increasing longevity, declining fertility rates and changes in labour participation. The third essay demonstrates how tax-benefit policies impact aggregate consumption in a world of heterogeneous consumers, profit maximizing banks and imperfect information about future income shocks. The fourth essay studies the joint effect of changes in credit constraints, user cost and demographic factors on regional house prices in the Netherlands in conjunction with changes in the housing stock.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Bovenberg, Lans, Promotor
  • Swank, J., Promotor, External person
Award date24 Nov 2017
Place of PublicationTilburg
Publisher
Print ISBNs978 90 5668 535 5
Publication statusPublished - 2017

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Cite this

Heeringa, W. (2017). Essays on pay-as-you-go pension schemes, demographics, fiscal policy, credit rationing and house prices. Tilburg: CentER, Center for Economic Research.