Eduard H.M. Ponds

Algemene Pensioen Groep (APG)

P.O. Box 75283

Amsterdam, 1070 AG

Netherlands

Tilburg University - Department of Economics

P.O. Box 90153

Tilburg, 5000 LE

Netherlands

Netspar

P.O. Box 90153

Tilburg, 5000 LE

Netherlands

Tilburg University - Center for Economic Research (CentER)

research

Tilburg

SCHOLARLY PAPERS

35

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137

Scholarly Papers (35)

1.

The Recent Evolution of Pension Funds in the Netherlands: The Trend to Hybrid DB-DC Plans and Beyond

Number of pages: 34 Posted: 21 Feb 2007
Eduard H.M. Ponds and Bart van Riel
Algemene Pensioen Groep (APG) and Government of the Netherlands - Social Economic Council
Downloads 1,201 (37,682)
Citation 19

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defined benefit plans, defined contribution plans, the Netherlands, pension funds

2.

Intergenerational Risk Sharing within Funded Pension Schemes

Number of pages: 35 Posted: 29 May 2007 Last Revised: 03 Feb 2009
Jiajia Cui, Jiajia Cui, Frank De Jong and Eduard H.M. Ponds
University of AmsterdamAlgemene Pensioen Groep (APG), Tilburg University - Department of Finance and Algemene Pensioen Groep (APG)
Downloads 569 (103,353)
Citation 40

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fair value, value-based generational accounting, intergenerational risk sharing

Pension Funds’ Asset Allocation and Participant Age: A Test of the Life-Cycle Model

Number of pages: 19 Posted: 25 Aug 2009 Last Revised: 01 Oct 2011
De Nederlandsche Bank, European Central Bank (ECB), Tilburg University - Tilburg University School of Economics and Management and Algemene Pensioen Groep (APG)
Downloads 297 (216,388)
Citation 4

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Pension funds, the Netherlands, strategic equity allocation, lifecycle saving and investing

Pension Funds’ Asset Allocation and Participant Age: A Test of the Life-Cycle Model

Netspar Discussion Paper No. 09/2009-032
Number of pages: 20 Posted: 20 Nov 2009
European Central Bank (ECB), Tilburg University - Tilburg University School of Economics and Management, Algemene Pensioen Groep (APG) and De Nederlandsche Bank
Downloads 223 (289,351)
Citation 2

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Pension funds, strategic equity allocation, lifecycle saving and investing

Pricing Risk in Corporate Pension Plans: Understanding the Real Pension Deal

Rotman International Journal of Pension Management, Vol. 2, No. 1, 2009
Number of pages: 8 Posted: 23 May 2009
Roy P. M. M. Hoevenaars, Theo P. Kocken and Eduard H.M. Ponds
APG Asset Management, Cardano Risk Management and Algemene Pensioen Groep (APG)
Downloads 199 (322,728)

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Embedded Options, Collective DC, Pension Deal, Pension Fund, Value-Based Asset LiabilityManagement, Rotman

Pricing Risk in Corporate Pension Plans: Understanding the Real Pension Deal

Number of pages: 19 Posted: 12 Feb 2009
Roy P. M. M. Hoevenaars, Theo P. Kocken and Eduard H.M. Ponds
APG Asset Management, Cardano Risk Management and Algemene Pensioen Groep (APG)
Downloads 150 (415,759)
Citation 3

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corporate pension fund, embedded options, contingent claim analysi, the Netherlands

Pricing Risk in Corporate Pension Plans: Understanding the Real Pension Deal

Netspar Discussion Paper No. 02/2009-009
Number of pages: 20 Posted: 19 Nov 2009 Last Revised: 30 Jan 2012
Roy P. M. M. Hoevenaars, Theo P. Kocken and Eduard H.M. Ponds
APG Asset Management, Cardano Risk Management and Algemene Pensioen Groep (APG)
Downloads 112 (526,035)
Citation 2

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Public Investment Funds and Value-Based Generational Accounting

Number of pages: 23 Posted: 17 Jan 2009
APG Asset Management, affiliation not provided to SSRN and Algemene Pensioen Groep (APG)
Downloads 237 (272,600)
Citation 1

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Sovereign Wealth Fund, public investment funds, public pension funds

Public Investment Funds and Value-Based Generational Accounting

Netspar Discussion Paper No. 01/2009-003
Number of pages: 24 Posted: 22 Nov 2009 Last Revised: 30 Jan 2012
Algemene Pensioen Groep (APG), APG Asset Management and affiliation not provided to SSRN
Downloads 195 (328,952)
Citation 1

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sovereign wealth fund, public investment funds, public pension funds, value-based ALM, generational accounting, embedded options, intergenerational transfer, stochastic discount factor

6.

Worldwide Diversity in Funded Pension Plans: Four Role Models on Choice and Participation

Number of pages: 39 Posted: 16 May 2015
Manuel Enrique Garcia Huitron and Eduard H.M. Ponds
Nuovalo and Algemene Pensioen Groep (APG)
Downloads 332 (193,518)
Citation 7

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private sector pensions, funding, DB, DC, pension regulation, behavioral economics

7.

Pension Funds in the Netherlands

Journal of Investment Consulting, Vol. 12, No. 1, pp. 28-34, 2011
Number of pages: 7 Posted: 17 Feb 2012 Last Revised: 16 Nov 2015
All Pensions Group, Algemene Pensioen Groep (APG) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 332 (193,518)

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Dutch pension fund system

8.

Pension Deals and Value-Based ALM

Number of pages: 30 Posted: 13 May 2012
Niels Kortleve and Eduard H.M. Ponds
PGGM Investments and Algemene Pensioen Groep (APG)
Downloads 279 (232,702)
Citation 1

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value-based ALM, pension funds, option pricing, embedded options

9.

Reforming American Public-Sector Pension Plans: Truths and Consequences

Rotman International Journal of Pension Management, Vol. 7, No. 2, 2014
Number of pages: 10 Posted: 19 Sep 2014
Roel M. W. J. Beetsma, Zina Lekniute and Eduard H.M. Ponds
University of Amsterdam - Research Institute in Economics & Econometrics (RESAM), University of Amsterdam and Algemene Pensioen Groep (APG)
Downloads 278 (233,593)
Citation 4

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Amortization Period, Conditional Indexation, Funding Ratio, GASB Standards, Pension Fund, Value-Based ALM

Dutch Pension Funds in Underfunding: Solving Generational Dilemmas

Number of pages: 18 Posted: 23 Jul 2009
Niels Kortleve and Eduard H.M. Ponds
PGGM Investments and Algemene Pensioen Groep (APG)
Downloads 255 (253,493)
Citation 2

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pension funds, the Netherlands, intergenerational redistribution, pension plan reform, underfunding

Dutch Pension Funds in Underfunding: Solving Generational Dilemmas

Posted: 03 Mar 2010
Niels Kortleve and Eduard H.M. Ponds
PGGM Investments and Algemene Pensioen Groep (APG)

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11.

Valuation of Intergenerational Transfers in Funded Collective Pension Schemes

Number of pages: 36 Posted: 05 Nov 2006
Roy P. M. M. Hoevenaars and Eduard H.M. Ponds
APG Asset Management and Algemene Pensioen Groep (APG)
Downloads 254 (256,147)
Citation 14

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Asset liability management, Generational accounting, Intergenerational risk sharing, funded defined-benefit,plans, hybrid plans, generational accounting, embedded options, value-based ALM, public finance, social security reform

12.

Framing and the Annuitization Decision: Experimental Evidence from a Dutch Pension Fund

Netspar Discussion Paper No. 03/2016-007
Number of pages: 33 Posted: 07 Mar 2016
Lucht Probst Associates GmbH, Algemene Pensioen Groep (APG), Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Algemene Pensioen Groep (APG)
Downloads 209 (309,406)
Citation 10

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Annuity puzzle, framing, pension annuities, lump sum

13.

The Holistic Balance Sheet as the New Framework for European Pension Supervision - Evaluation from a Dutch Perspective

Number of pages: 48 Posted: 05 Oct 2012
Jurre Haan, Karin Janssen and Eduard H.M. Ponds
APG, APG and Algemene Pensioen Groep (APG)
Downloads 199 (323,882)
Citation 2

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Holistic Balance Sheet, European pension supervision, value-based ALM, embedded pension options

Funding in Public Sector Pension Plans: International Evidence

OECD Working Paper on Finance, Insurance and Private Pensions No. 8
Number of pages: 41 Posted: 23 May 2011
Eduard H.M. Ponds, Clara Kristina Severinson and Juan Yermo
Algemene Pensioen Groep (APG), Organization for Economic Co-Operation and Development (OECD) and Organization for Economic Co-Operation and Development (OECD)
Downloads 86 (632,217)

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pension funds, public sector pensions, discounting method, funding, implicit pension debt

Funding in Public Sector Pension Plans: International Evidence

Netspar Discussion Paper No. 05/2011-064, OECD Working Paper No. 8
Number of pages: 42 Posted: 20 Jul 2011
Eduard H.M. Ponds, Clara Kristina Severinson and Juan Yermo
Algemene Pensioen Groep (APG), Organization for Economic Co-Operation and Development (OECD) and Organization for Economic Co-Operation and Development (OECD)
Downloads 77 (675,631)
Citation 4

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pension funds, public sector pensions, defined benefit, hybrid plans, funding, actuarial evaluation, fair value

Funding in Public Sector Pension Plans - International Evidence

NBER Working Paper No. w17082
Number of pages: 38 Posted: 31 May 2011 Last Revised: 06 Mar 2022
Eduard H.M. Ponds, Clara Kristina Severinson and Juan Yermo
Algemene Pensioen Groep (APG), Organization for Economic Co-Operation and Development (OECD) and Organization for Economic Co-Operation and Development (OECD)
Downloads 35 (988,989)
Citation 1

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Risk Sharing and Individual Lifecycle Investing in Funded Collective Pensions

Netspar Discussion Paper No. 01/2011-001
Number of pages: 22 Posted: 07 Feb 2011
Eduard H.M. Ponds and Roderick Molenaar
Algemene Pensioen Groep (APG) and affiliation not provided to SSRN
Downloads 107 (544,742)

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Pension Funds, The Netherlands, Intergenerational Risk Sharing, Lifecycle Savings and Investments

Risk Sharing and Individual Lifecycle Investing in Funded Collective Pensions

Number of pages: 21 Posted: 12 Jan 2011
Eduard H.M. Ponds and Roderick Molenaar
Algemene Pensioen Groep (APG) and affiliation not provided to SSRN
Downloads 91 (609,932)

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pension funds, the Netherlands, intergenerational risk sharing, lifecycle savings and investments

The Impact of Human Capital on Life-Cycle Portfolio Choice: Evidence for the Netherlands

Number of pages: 14 Posted: 17 Feb 2011
Ingmar Minderhoud, Roderick Molenaar and Eduard H.M. Ponds
Tilburg University, affiliation not provided to SSRN and Algemene Pensioen Groep (APG)
Downloads 121 (495,286)
Citation 1

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life-cycle investment, human capital, wage profiles, co-integration, vector error correction model, dynamic portfolio choice

The Impact of Human Capital on Life-Cycle Portfolio Choice: Evidence for the Netherlands

Netspar Discussion Paper No. 10/2011-006
Number of pages: 16 Posted: 21 Feb 2011 Last Revised: 27 Oct 2011
Ingmar Minderhoud, Roderick Molenaar and Eduard H.M. Ponds
Tilburg University, affiliation not provided to SSRN and Algemene Pensioen Groep (APG)
Downloads 62 (761,935)
Citation 1

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life-cycle investment, human capital, wage profiles, co-integration, vector error correction model, dynamic portfolio choice

Optimal Degree of Funding of Public Sector Pension Plans

CentER Discussion Paper Series No. 2013-011
Number of pages: 20 Posted: 15 Feb 2013
A. C. Meijdam and Eduard H.M. Ponds
Tilburg University - Center for Economic Research (CentER) and Algemene Pensioen Groep (APG)
Downloads 106 (548,622)
Citation 1

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public sector pension plans, funding, implicit debt, portfolio approach

Optimal Degree of Funding of Public Sector Pension Plans

Netspar Discussion Paper No. 02/2013-003
Number of pages: 20 Posted: 08 Feb 2013
A. C. Meijdam and Eduard H.M. Ponds
Tilburg University - Center for Economic Research (CentER) and Algemene Pensioen Groep (APG)
Downloads 61 (768,474)
Citation 1

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public sector pension plans, funding, implicit debt, portfolio approach

18.

A Value-Based Approach to the Redesign of US State Pension Plans

Number of pages: 39 Posted: 20 May 2014
Zina Lekniute, Roel M. W. J. Beetsma and Eduard H.M. Ponds
University of Amsterdam, University of Amsterdam - Research Institute in Economics & Econometrics (RESAM) and Algemene Pensioen Groep (APG)
Downloads 140 (439,042)
Citation 2

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US state civil servants pension funds, underfunding, value-based ALM, contributions, benefits, indexation, participants, tax payers

19.

Can Internal Swap Markets Enhance Welfare in Defined Contribution Plans?

Rotman International Journal of Pension Management, Vol. 3, No. 2, 2010
Number of pages: 7 Posted: 06 Oct 2010
Jiajia Cui, Jiajia Cui and Eduard H.M. Ponds
University of AmsterdamAlgemene Pensioen Groep (APG) and Algemene Pensioen Groep (APG)
Downloads 120 (496,064)

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Defined Contribution Plan, Internal Swap Market, Life-Cycle Theory, Pension Fund, Wage

20.

Explaining the Valuation of Annuities and Lumpsum Options

Number of pages: 45 Posted: 25 May 2023
Eduard H.M. Ponds, Niek Hensen and Jane Spliethoff
Algemene Pensioen Groep (APG), Algemene Pensioen Groep (APG) and Tilburg University
Downloads 111 (526,090)
Citation 1

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pension annuity, lumpsum, WTA/WTP, verbal protocols, pension communication, numeracy skills, behavioral economics

21.

A Cohort-Specific Collar Approach to Retirement Security

Netspar Discussion Paper No. 06/2011-059
Number of pages: 17 Posted: 14 Jul 2011
Sjoerd Timmermans, Johannes M. Schumacher and Eduard H.M. Ponds
Algemene Pensioen Groep (APG), University of Amsterdam - Department of Quantitative Economics (KE) and Algemene Pensioen Groep (APG)
Downloads 108 (536,894)

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retirement security redesign, life cycle investment, contingent claims analysis, dynamic portfolio selection

22.

The Holistic Balance Sheet as the New Framework for European Pension Supervision

Netspar Discussion Paper No. 10/2012-033
Number of pages: 49 Posted: 11 Oct 2012
Jurre Haan, Karin Janssen and Eduard H.M. Ponds
APG, APG and Algemene Pensioen Groep (APG)
Downloads 103 (555,950)

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holistic balance sheet, European pension supervision, value-based ALM, embedded pension options

23.

Evaluating the UK and Dutch Defined-Benefit Pension Policies Using the Holistic Balance Sheet Framework

Netspar Discussion Paper No. 09/2013-057
Number of pages: 32 Posted: 20 Nov 2013 Last Revised: 07 Mar 2014
Zhiqiang Chen, Antoon Pelsser and Eduard H.M. Ponds
Maastricht University, Maastricht University and Algemene Pensioen Groep (APG)
Downloads 94 (591,210)
Citation 2

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holistic balance sheet, value-based ALM, embedded pension options, pension protection fund, sponsor support, conditional indexation

24.

The Need for Flexible Take-Ups of Home Equity and Pension Wealth in Retirement

Netspar Discussion Paper No. 01/2016-005
Number of pages: 36 Posted: 05 Feb 2016 Last Revised: 20 Feb 2016
Jori Arts and Eduard H.M. Ponds
PGB Pensioendiensten and Algemene Pensioen Groep (APG)
Downloads 89 (611,500)
Citation 2

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pensions, home equity, reversed mortgages, lump sum

25.

Intergenerational Risk-Sharing Through Funded Pensions and Public Debt

CESifo Working Paper Series No. 4624
Number of pages: 39 Posted: 25 Feb 2014
University of Amsterdam, University of Amsterdam - Research Institute in Economics & Econometrics (RESAM), Algemene Pensioen Groep (APG) and University of Amsterdam - Faculty of Economics and Business
Downloads 87 (620,165)
Citation 1

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intergenerational risk-sharing, pension funds, public debt, EET and TEE tax regimes, welfare

26.

Intergenerational Risk Trading

Number of pages: 54 Posted: 07 Jan 2015
Jiajia Cui, Jiajia Cui and Eduard H.M. Ponds
University of AmsterdamAlgemene Pensioen Groep (APG) and Algemene Pensioen Groep (APG)
Downloads 84 (633,476)

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Intergenerational risk trading, equity–wage swap market, wage-linked claims, incomplete market, equilibrium pricing

27.

Pension Contracts and Risk Sharing – A Level Playing Field Comparison

Number of pages: 13 Posted: 04 Mar 2016
Jurre Haan, Zina Lekniute and Eduard H.M. Ponds
APG, University of Amsterdam and Algemene Pensioen Groep (APG)
Downloads 81 (647,038)
Citation 1

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risk sharing, CDC, defined contribution

28.

Ageing-Driven Pension Reforms

Netspar Discussion Paper No. 06/2016-024
Number of pages: 29 Posted: 20 Jul 2016
Jan Bonenkamp, A. C. Meijdam, Eduard H.M. Ponds and Ed Westerhout
CPB Netherlands Bureau of Economic Policy Research, Tilburg University - Center for Economic Research (CentER), Algemene Pensioen Groep (APG) and CPB Netherlands Bureau of Economic Policy Analysis
Downloads 76 (670,885)
Citation 2

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29.

A Multi-Objective Decision Framework for Lifecycle Investment

Number of pages: 17 Posted: 20 Sep 2017
Sjoerd Timmermans, Johannes M. Schumacher and Eduard H.M. Ponds
Algemene Pensioen Groep (APG), University of Amsterdam - Department of Quantitative Economics (KE) and Algemene Pensioen Groep (APG)
Downloads 74 (680,806)
Citation 1

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Pension Plan Design, Choice Architecture, Lifecycle Investment, Dynamic Asset Allocation

30.

Multi-Period Risk Sharing Under Financial Fairness

Insurance: Mathematics and Economics, Forthcoming
Number of pages: 46 Posted: 15 Nov 2015 Last Revised: 17 Oct 2016
Hailong Bao, Eduard H.M. Ponds and Johannes M. Schumacher
Tilburg University - Center for Economic Research (CentER), Algemene Pensioen Groep (APG) and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 74 (680,806)
Citation 2

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Inter-temporal risk sharing, Pareto efficiency, financial fairness, contract design

31.

Explaining the Valuation of Annuities and Lumpsum Options – the Role of Preferences1

Number of pages: 48 Posted: 14 Nov 2024
Eduard H.M. Ponds, Niek Hensen and Jane Spliethoff
Algemene Pensioen Groep (APG), Algemene Pensioen Groep (APG) and Tilburg University
Downloads 60 (760,476)

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pension annuity, lumpsum, WTA/WTP, communication, numeracy skills, behavioral economics

32.

Public Pension Plans and a Fair Allocation of Longevity Gains – Evidence for 17 OECD Countries

Number of pages: 30 Posted: 07 Nov 2024
Bram T. Groenewoud and Eduard H.M. Ponds
Tilburg University and Algemene Pensioen Groep (APG)
Downloads 58 (773,395)

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Internal rate of return, longevity, public pension schemes, retirement age linked to life-expectancy

33.

A Value-Based Approach to Pension Redesign in the US State Plans

Netspar Discussion Paper No. 03/2014-080
Number of pages: 36 Posted: 07 Mar 2015
Zina Lekniute, Roel M. W. J. Beetsma and Eduard H.M. Ponds
University of Amsterdam, University of Amsterdam - Research Institute in Economics & Econometrics (RESAM) and Algemene Pensioen Groep (APG)
Downloads 55 (793,837)
Citation 2

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34.

Sharing Risk: The Netherlands' New Approach to Pensions

Posted: 09 Mar 2010
Eduard H.M. Ponds and Bart van Riel
Algemene Pensioen Groep (APG) and Government of the Netherlands - Social Economic Council

Abstract:

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35.

The Recent Evolution of Pension Funds in the Netherlands: The Trend to Hybrid DB-DC Plans and Beyond

Posted: 08 Mar 2010
Eduard H.M. Ponds and Bart van Riel
Algemene Pensioen Groep (APG) and Government of the Netherlands - Social Economic Council

Abstract:

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Other Papers (1)

Total Downloads: 100
1.

Pensioenakkoord En Effecten Voor Generaties

Netspar Discussion Paper No. 08/2011-066
Number of pages: 32 Posted: 05 Aug 2011
Eduard H.M. Ponds and Zina Lekniute
Algemene Pensioen Groep (APG) and University of Amsterdam
Downloads 100

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