The first Rutte cabinet (Rutte I) decided to increase the retirement age in 2011. At that time, the Dutch parliament agreed upon an increase of the retirement age to 66 in 2020. After the fall of this cabinet, the second Rutte cabinet (Rutte II) proposed a more rigorous solution in the retirement age question. The retirement age should increase to 66 in 2018 and in steps to 67 in 2021. From 2022 onwards it will be linked to the life expectancy. That is why as of this year the retirement age to receive the (full) AOW-benefit increased to 66.
The European parliament has voted to prohibit ‘electric pulse fishing’, a fishing practice which uses electric pulses to scare flatfish such as the flounder into leaving their sub-seabed hideouts in favour of a waiting fishing net. The European parliament previously allowed up to 5 percent of a country’s fishing fleet to switch to electric pulse fishing, to test the waters. The European parliament now considers the experiment finished and wants to illegalize electric pulse fishing once more. Meanwhile, the Dutch have switched. The French have not. Why and how has this come to be?
In the early 1990s the asset price bubble in Japan collapsed, it was the start of what later came known as the “Lost Decade” or even “Lost Score”. The Financial Services Agency (FSA), the Japanese supervisory and regulatory institution, waited more than a decade before obliging Japanese banks to take the losses on non-performing loans.
If things are going according to plan for the Trump administration, which seems to be a rarity since the president’s inauguration in January, American citizens are to receive tax cut around Christmas. The alleged massive tax cut is primarily intended to benefit Americans with middle and low income, according to Trump. When we take a look at the concept of the different versions of this ‘Tax Cuts and Jobs Act’ however, one may ask the question who actually benefits.
Recently, talking about a basic income has become, so to speak, fashionable. The Dutch Bureau for Economic Analysis has calculated the effects of such a basic income, but argued that it would be a bad idea. Without the equations, but with qualitative arguments, I shall try here to explain why a basic income does not bring the benefits we hope to see from it and why the results of the experiments that so far took place are not reliable.
The last couple of years, a number of institutions spoke out on the low wage level in the Netherlands. The Dutch Central bank already indicated a number of times that companies have room to increase wages. This claim is confirmed by the Central Planning Bureau. Even the IMF points out that labor wages are relatively low in the Netherlands.
September 1st, I started the BoFEB. This article will give you a short introduction into what the BoFEB (Beroepsopleiding Financiaal-Economisch Beleidsmedewerker, or entails and, more importantly, how to get in.
With the 2017 Dutch election having come and gone, a new coalition has been formed, with a new government budget. The Dutch government budget can be quite confusing for both Dutchies and non-Dutchies, hopefully this article will clarify its economic impact.