Projects (112)
Netspar endows several research projects at any given time, ranging from € 10,000 to € 500,000. Below you will find more information about ongoing and completed projects. Researchers can submit proposals within the various calls for short-term and long-term research projects that Netspar expands during the year. For more information, please contact policy advisor Silvie van Halder via 013 – 466 37 93 or via email.
Trading behavior of institutional investors
The proposed research focuses on the trading behavior of institutional investors, and pension funds in particular. Kristy Jansen recently started a joint project with Jules van Binsbergen and Ralph Koijen about factor investing. Factor investing plays a central role in performance attribution and performance measurement. However, little is known about the overall exposure of institutional investors to these factors. In this study the goal…
Untangling Human Interaction Patterns: Learning from Automated Emotion Detection in the Consumer Pension Context
Artificial intelligence (AI) increasingly enters multiple aspects of our lives, improving the efficiency and effectiveness of day-to-day operations (AI100 2016). Specifically pension service providers may profit from this development. Despite huge investments in call center labor and software, providers only manage to resolve about half of customer requests in a satisfactory manner (Upbin 2013). Emotions are critical to successful service interactions in general (Mattila…
Pensions products for heterogeneous agents accommodating for life events
The provision of income after retirement is in a state of flux. Traditionally, “one-size fits all” funded pension plans complemented the government schemes. Increasingly, however, the provision of retirement income can be tailored to individual characteristics and preferences. These developments have created a market for pension products such as tax-exempt savings plans and life-cycle investment funds. Such pension products aim to optimally allocate investment…
The effects of genetic health risks on personal expected longevity, insurance coverage, and retirement decisions
Life-cycle decisions are in part based on how long people expect to live. Therefore, observable health risks have the potential to affect individual-level decision making. Currently, genetic health information is becoming increasingly available to patients and consumers, but the extent to which genetic information may affect retirement decisions, e.g., savings, insurance coverage, and withdrawals of pension funds, is largely unexplored. We propose a research…
Occupation-based life expectancy: towards actuarial fairness of determining future statutory retirement age
Various policies affect actuarial fairness of pension systems. Bonenkamp & ter Rele (2013) find a Matthew effect in the Dutch 2ndpension pillar due to differences in life expectancy, whereas the tax-based funding of the 1st pillar entails a stronger reversed redistribution. Characteristics of 2nd pillar pensions affecting actuarial fairness include build-up of pension entitlements (DB, DC and NDC schemes are differently affected by differences in life expectancy), modes…
Residential preferences of elderly: impact of need for care and family proximity
The proportion of senior citizens in the Dutch population is increasing rapidly and will likely reach 25% – about 5 mln people – by 2040 (CBS, 2012). The government stimulates elderly to live independently at home for as long as possible, among other things in order to keep public long-term care financially sustainable. At the Ministry of Health, this policy includes e.g. monitoring of…
Inter- and intragenerational solidarity among Dutch citizens
A pressing question about the future organization of the Dutch pension system is whether the level of solidarity among pension funds participants can be maintained. As a result of the mandatory enrollment in the pension funds associated with their employers, the Dutch pension system inherently enforces solidarity in various dimensions (Hoff 2015). For example, through collective risk-sharing, solidarity occurs within a generation of pension…
Comparison of the Portfolio Decisions of Participants in U.S. 401(k) Pension Plans with the Asset Allocation of Dutch Pension Plans
In our project, we will compare the asset allocation (or portfolio choices) of U.S. 401k pension plans with the different types of Dutch retirement systems. We focus on U.S. 401k pension plans because the Dutch retirement system is transitioning from defined benefit (DB) pension system towards defined contribution (DC) retirement system. Bovenberg and Nijman (2017) discuss the proposed reforms of the Dutch system that…
Pension Funds and Sustainable Investment: Comparing Regulation in the Netherlands, Denmark, and Germany
The central aim of this project is to compare national regulation of sustainable investment by pension funds. Survey research shows that considerable national differences in sustainable investment (SI) by pension funds continue to exist in Europe and it identifies regulation as one of the drivers for SI (Eurosif 2016). For this reason, it is relevant to explore if and how national regulations impose constraints…
Vormgeving en realisatie opting-outsystematiek
Aanleiding Op dit moment nemen weinig zelfstandigen deel aan een pensioen spaarregeling. De kans is groot dat velen van hen daardoor een ongewenst laag pensioen zullen hebben. Een mogelijk oplossing voor deze problematiek is het invoeren van een opt-out systeem, waarbij zelfstandigen sparen voor hun pensioen tenzij zij expliciet aangeven dat niet te willen. Het doel van dit onderzoek is om vanuit een gedragseconomisch…
