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Quoted Spreads and Trade Imbalance Dynamics in the European Treasury Bond Market

Caporale, Guglielmo Maria - 2013

Using high-frequency transaction data for the three largest European markets (France, Germany and Italy), this paper documents the existence of an asymmetric relationship between market liquidity and trading imbalances: when quoted spreads rise (fall) and liquidity falls (increases) buy (sell)...

Persistent link: https://www.econbiz.de/10013094028

Why Go to France or Germany, if You Could as Well Go to the UK or the US? Selective Features of Immigration to Four Major OECD Countries

Geis, Wido - 2008

Building on a new data set which is combined from national micro-data bases, we highlight differences in the structure of migrants to four countries, viz. France, Germany, the UK and the US, which receive a substantial share of all immigrants to the OECD world. Looking at immigrants by source...

Persistent link: https://www.econbiz.de/10012769704

Mixing Bismarck and Child Pension Systems : An Optimum Taxation Approach

Fenge, Robert - 2006

Bismarck pension system. Distortions of the fertility decision can be reduced through the introduction of a stronger child …

Persistent link: https://www.econbiz.de/10012779785

Teenage Pregnancies and Births in Germany : Patterns and Developments

Cygan-Rehm, Kamila - 2014

We study the development of teenage fertility in East and West Germany using data from the German Socioeconomic Panel … teenage fertility and test whether they are relevant in the German case. We find that teenage fertility is associated with … aggregate unemployment. Our evidence supports countercyclical teenage fertility …

Persistent link: https://www.econbiz.de/10013051607

Children of a (Policy) Revolution : The Introduction of Universal Child Care and Its Effect on Fertility

Bauernschuster, Stefan - 2014

What role does affordable and widely available public child care play for fertility? We exploit a major German reform … fertility. The fertility effects are more pronounced at the intensive than at the extensive margin, and are not driven by tempo … effects or selective migration. Our findings inform policy makers concerned about suboptimally low fertility by suggesting …

Persistent link: https://www.econbiz.de/10013053707

Parental Leave Benefit and Differential Fertility Responses : Evidence from a German Reform

Cygan-Rehm, Kamila - 2015

This paper examines the causal effects of a major change in the German parental leave benefits on fertility. I use the …

Persistent link: https://www.econbiz.de/10013020527

How to Avoid a Pension Crisis : A Question of Intelligent System Design

Cigno, Alessandro - 2021

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Persistent link: https://www.econbiz.de/10013316388

Can Financial Incentives Reduce the Baby Gap? Evidence from a Reform in Maternity Leave Benefits

Raute, Anna - 2017

To assess whether earnings-dependent maternity leave positively impacts fertility and narrows the baby gap between high … fertility up to 5 years post reform. In addition to demonstrating an up to 22% increase in the fertility of tertiary educated … versus low educated women, I find a positive, statistically significant effect of increased benefits on fertility, driven …

Persistent link: https://www.econbiz.de/10012946918

Work and Wage Dynamics Around Childbirth

Ejrnaes, Mette - 2012

This study investigates how the first childbirth affects the wage processes of highly attached women. We estimate a flexible fixed effects wage regression model extended with post-birth fixed effects by the control function approach. Register data on West Germany are used and we exploit the...

Persistent link: https://www.econbiz.de/10013111832

Decomposition of Demographic Effects on the German Pension System

Fenge, Robert - 2018

effects of mortality, fertility and migration developments on the dynamics of the German pension system. We show that the past … population structure - driven by past fertility changes - and future mortality improvements will be the most important factors …

Persistent link: https://www.econbiz.de/10012926557