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

33

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Scholarly Papers (33)

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 885 (17,956)
Citation 6

Abstract:

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, Frank De Jong and Eduard H.M. Ponds
Algemene Pensioen Groep (APG), Tilburg University - Department of Finance and Algemene Pensioen Groep (APG)
Downloads 415 (54,755)
Citation 13

Abstract:

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

Public Investment Funds and Value-Based Generational Accounting

Number of pages: 23 Posted: 17 Jan 2009
APG Asset Management, Robeco Asset Management and Algemene Pensioen Groep (APG)
Downloads 201 (127,370)
Citation 7

Abstract:

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 Robeco Asset Management
Downloads 160 (157,004)
Citation 7

Abstract:

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

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 149 (167,100)
Citation 1

Abstract:

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 119 (200,168)
Citation 1

Abstract:

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 70 (284,764)
Citation 1

Abstract:

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, De Nederlandsche Bank, Tilburg University - Center and Faculty of Economics and Business Administration and Algemene Pensioen Groep (APG)
Downloads 164 (153,683)
Citation 4

Abstract:

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
De Nederlandsche Bank, Tilburg University - Center and Faculty of Economics and Business Administration, Algemene Pensioen Groep (APG) and De Nederlandsche Bank
Downloads 140 (175,907)
Citation 4

Abstract:

Pension funds, strategic equity allocation, lifecycle saving and investing

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

Journal of Risk and Insurance, Vol. 79, Issue 3, pp. 595-618, 2012
Number of pages: 24 Posted: 23 Aug 2012
De Nederlandsche Bank, De Nederlandsche Bank, Tilburg University - Center and Faculty of Economics and Business Administration and Algemene Pensioen Groep (APG)
Downloads 0
Citation 4
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Abstract:

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 218 (117,594)

Abstract:

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)

Abstract:

7.

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 183 (132,532)
Citation 10

Abstract:

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

8.

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 de Haan, Karin Janssen and Eduard H.M. Ponds
APG, APG and Algemene Pensioen Groep (APG)
Downloads 154 (151,170)

Abstract:

Holistic Balance Sheet, European pension supervision, value-based ALM, embedded pension 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 135 (122,504)

Abstract:

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

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 Robeco Asset Management
Downloads 74 (275,683)

Abstract:

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 Robeco Asset Management
Downloads 38 (379,535)

Abstract:

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

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 45 (354,485)
Citation 1

Abstract:

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 34 (395,522)
Citation 1

Abstract:

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: 08 Sep 2015
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 18 (478,749)
Citation 1

Abstract:

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, Robeco Asset Management and Algemene Pensioen Groep (APG)
Downloads 50 (338,549)

Abstract:

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, Robeco Asset Management and Algemene Pensioen Groep (APG)
Downloads 36 (387,390)

Abstract:

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

13.

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 81 (214,030)
Citation 9

Abstract:

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

14.

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 and Eduard H.M. Ponds
Algemene Pensioen Groep (APG) and Algemene Pensioen Groep (APG)
Downloads 72 (268,836)

Abstract:

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

15.

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 63 (254,931)

Abstract:

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

16.

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, J. 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 61 (302,801)

Abstract:

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

17.

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

Number of pages: 39 Posted: 16 May 2015
Manuel Garcia-Huitron and Eduard H.M. Ponds
All Pensions Group and Algemene Pensioen Groep (APG)
Downloads 55 (144,967)

Abstract:

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

18.

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 de Haan, Karin Janssen and Eduard H.M. Ponds
APG, APG and Algemene Pensioen Groep (APG)
Downloads 53 (297,829)

Abstract:

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

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 27 (427,649)

Abstract:

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

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 20 (467,052)

Abstract:

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

20.

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 43 (327,166)

Abstract:

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

21.

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 30 (354,667)

Abstract:

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

22.

Intergenerational Risk Trading

Number of pages: 54 Posted: 07 Jan 2015
Jiajia Cui and Eduard H.M. Ponds
Algemene Pensioen Groep (APG) and Algemene Pensioen Groep (APG)
Downloads 25 (375,293)

Abstract:

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

23.

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 15 (462,088)

Abstract:

-

24.

Implicit Debt in Public‐Sector Pension Plans: An International Comparison

International Social Security Review, Vol. 65, Issue 2, pp. 75-101, 2012
Number of pages: 27 Posted: 09 Apr 2012
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 3 (536,977)
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Abstract:

pension scheme, public sector, pay as you go system, pension fund, defined benefit plan, defined contribution plan, method of financing, actuarial valuation, governance, OECD countries

25.

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 2 (357,981)
Citation 6

Abstract:

Dutch pension fund system

26.

A Multi-Objective Decision Framework for Lifecycle Investment

Number of pages: 17 Posted: 20 Sep 2017
Sjoerd Timmermans, J. 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 0 (508,436)

Abstract:

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

27.

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 0 (354,667)

Abstract:

28.

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 0 (249,369)

Abstract:

Annuity puzzle, framing, pension annuities, lump sum

29.

Pension Contracts and Risk Sharing – A Level Playing Field Comparison

Number of pages: 13 Posted: 04 Mar 2016
Jurre de Haan, Zina Lekniute and Eduard H.M. Ponds
APG, University of Amsterdam and Algemene Pensioen Groep (APG)
Downloads 0 (430,912)

Abstract:

risk sharing, CDC, defined contribution

30.

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 G. Arts and Eduard H.M. Ponds
Timeos and Algemene Pensioen Groep (APG)
Downloads 0 (345,100)

Abstract:

pensions, home equity, reversed mortgages, lump sum

31.

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 J. M. Schumacher
Tilburg University - Center for Economic Research (CentER), Algemene Pensioen Groep (APG) and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 0 (430,912)

Abstract:

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

32.

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:

33.

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:

Other Papers (1)

Total Downloads: 37    Citations: 0
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 25

Abstract: