We consider the impact of tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We analyse both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and...

Declining union density in many industrialized countries directs attention to alternative ways of labor relations and worker representation as, e.g., works councils. German works councils belong to the most powerful worker representations in developed countries but little is known of their...