I model the hypothesis that preferences evolve and permanent differences in individual attitudes towards work emerge between two countries characterized initially by identical preferences as a result of a period in which only one of the two countries is subject to regulations constraining labor...

In the employment increase of 12 million of the European Union the number of part time employees accounted for nearly 6 million between 2000 and 2006. A great number of countries try to support the distribution of part-time employment in order to raise or maintain the level of employment and to...

This study examines social differences in time use and expenditures and their evolution over time among families with young children. The analysis is based on the KSH Time Use and Household Budget Surveys. Our results show that families with higher educational attainment spend more on items and...

A life-cycle growth model is used to investigate the quantitative impact of gradually converting the financing of social security from pay-as-you-go (PAYGO) to full funding. The magnitudes of the losses and gains that particular age cohorts will experience under alternative speeds of conversion...

This paper analyzes the sustainability of intergenerational transfers in politico-economic equilibrium. We argue that this transfers arise naturally in a Markow perfect equilibrium in the fundamental state variables. In contrast to earlier literature, our explanation does not resort to altruism,...

Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment reduction with "softer" measures like short-work and wage cuts, in response to the crisis. The data suggest that the wage distribution remained practically unchanged while hours...