Projects (50)

After the financial crisis, financial supervisors, such as the ECB and DNB, adopted several measures in order to enhance financial stability and economic recovery. Their primary aim was to prevent financial threats that lead to economic instability, but repercussions in the pension domain are very likely and need research. Pension funds, insurance companies and banks have been subject to targeted policies, the so called…

In 2018, Netspar conducted a study in collaboration with its partners into the influence of Datascience on pension providers. An important part of data use has been kept out of the scope of the research and these are the ethical limits and preconditions that (should) apply. However, it has been argued that ethics provides an important limitation to the development of data-driven applications. We…

In this topicality project we investigate whether we can creatively package the complex questions of the CTB method for measuring risk attitude in a game (research game), so that less literate people can easily answer the questions (gamification). We will test the game experimentally and compare it with a standard survey. Does the game lower selective non-response? Does the game improve the quality of…

The way choices are presented influences the choices people make. For example, people make different decisions when a series of choices are presented together or separately (Sunstein, 2018). Overseeing the consequences of a series of choices is particularly important in savings and investment decisions, because the consequences of different decisions are cumulative (e.g. how much you want to save, depends on what you’ve already…

“Climate change will affect the value of every single financial asset”, as argued by Bank of England Governor Mark Carney during the Bloomberg Global Business Forum in 2019. “And the question is: Is the financial sector ready for it?” The Dutch central bank also recognizes that financial institutions are exposed to climate risk and encourages pension funds to quantify the risks related to Environmental,…

The gender gap in pensions issues has been the focus of the European Commission, including in the context of the implementation of the European Pillar on Social Rights. The Commission emphasizes equal opportunities between men and women in the field of pensions, and states: “equal rules might not be enough”. The Netherlands scores poorly internationally in terms of the pension gap between men and…

In the Netherlands, efforts are being made to achieve a more inclusive labor market. Despite the economic growth of recent years and the shortage on the labor market, there is still a labor reserve (unused labor potential) of 1.1 million people. The Netherlands scores poorly internationally in terms of the employment rate of people with disabilities or a distance from the labor market. Nowhere…

Dynamic investment policy or age-related allocation of investment returns is on the rise in pensions in the Netherlands (a foreign example is Dimensional, Merton). Partly in the context of the pension agreement, a great deal of attention has been paid to this recently (see paper DNB 2019, Netspar 2019). In theory, a dynamic investment policy provides added value. We want to take it a…

This project analyzes work incentives and restrictions of older individuals and individuals with a work disability and investigates how they affect participation in and hours of paid work. Retirement reforms introduce tax credits, make deferring pension claims actuarially attractive, and increase the legal retirement age to stimulate labour market participation among older workers. In addition, provision of part-time work opportunities may also stimulate the…

Recently, the EU delivered an action plan on financing sustainable growth in which “Sustainable Finance” is a key policy pillar. Several of the actions are directly related to the duties of institutional investors. Institutional investors need to integrate the preferences of their participants for sustainable investments into contractual arrangements. The action plan further explicitly demands policies on incorporating sustainability in investment advice. How can…