The article analyses the distribution of time and money from a life-course perspective, focussing on differences between women and men. Using different available data-sources, characteristic patterns of female and male life courses and their changes over time are being discussed. The article...

This paper examines married women's time allocation to market hours and spousal care in the event of their husbands' disability and its implications for evaluating the insurance value of the Social Security Disability Insurance (SSDI) program. First, I find that while spousal labor supply...

This paper analyses the importance of financial dis-incentives for workers in Denmark. Based on a panel survey which is merged to a number of administrative registers it is possible to calculate precise measures of the economic incentives for labour force participants between employment in a...

Anfang diesen Jahres wurden die Ergebnisse der Studie Altersvorsorge in Deutschland 1996 (AVID '96) veröffentlicht. Diese Studie beschreibt die zukünftige Alterseinkommenssituation der heute noch erwerbstätigen Bevölkerung. Zentraler Bestandteil ist die Schätzung der zukünftigen weiteren...

This study examines the effects of parental labor market activities on children's education attainment. In contrast to the existing literature we consider parental experiences until the children graduate from school. In addition, the effects of the regional economic environment during teacher's...

We examine the link between equity risk premiums and demographic changes using a very long sample over the whole twentieth century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for fifteen countries. We find that demographic...

Dürfen umlagefinanzierte Sozialversicherungen Rücklagen bilden? Wenn ja, wie hoch dürfen sie sein? Und wie kann der Gefahr der Zweckentfremdung vorgebeugt werden? Dieser Beitrag versucht, diese Fragen zu beantworten und zeigt Möglichkeiten auf, wie mit Sozialversicherungsreserven umgegangen...

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...

We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security—which is immune to adverse selection—affects...

This paper examines a small random liquidity shock to reveal the effect of liquidity constraints on late payment behavior. In Jerusalem, water bill due dates are randomly determined and therefore may occur just before or after social security paydays. We compared the likelihood of late payments...