The monetary value of family policy measures in Germany over the life cycle : evidence from a dynamic microsimulation model
Holger Bonin, Karsten Reuss, and Holger Stichnoth
This article quantifies the monetary value of key family policy measures in Germany over the life cycle. The analysis is based on a dynamic microsimulation model that combines simulated life cycles for a base population from the 2009 wave of the German Socio-Economic Panel with a comprehensive tax-benefit model. The results indicate that households in Germany receive family- and marriage-related transfers of considerable monetary value, yet there is also substantial variation behind the population average. Moreover, it is shown that some measures, such as income tax splitting, may make individuals in fact worse off, in financial terms, over the long course, as a result of negative labour supply incentives which are reinforced through detrimental effects on human capital accumulation.
Year of publication: |
December 2016
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Authors: | Bonin, Holger ; Reuß, Karsten ; Stichnoth, Holger |
Published in: |
CESifo economic studies : CESifo, a joint initiative of the University of Munich's Center for Economic Studies and the Ifo Institute. - Oxford : Oxford Univ. Press, ISSN 1610-241X, ZDB-ID 2098761-4. - Vol. 62.2016, 4, p. 650-671
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Subject: | dynamic microsimulation | family policy | Germany | Deutschland | Simulation | Familienpolitik | Family policy | Lebenszyklus | Life cycle | Mikrosimulation | Microsimulation | Schätzung | Estimation |
Saved in:
Online Resource
Extent: | Illustrationen |
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Type of publication: | Article |
Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | 10.1093/cesifo/ifw014 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011710956