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Parental time restrictions and the cost of children : insights from a survey among mothers

Borah, Melanie; Knabe, Andreas; Pahlke, Kevin - 2018

In this paper, we provide estimates of the subjectively perceived cost of children depending on the extent of parental … with children in Germany. Our study confirms that the monetary cost of children is substantial and increases with parental … sizeable for families with children. …

Persistent link: https://www.econbiz.de/10011926377

Reference income effects in the determination of equivalence scales using income satisfaction data

Borah, Melanie; Knabe, Andreas; Kuhställer, Carina - 2016

overestimation of adults' and an underestimation of children's needs-based equivalence weights. Our results indicate that controlling … for income comparisons eliminates the gap between equivalence scale parameters for adults and children found in other …

Persistent link: https://www.econbiz.de/10011547742

The anatomy of the global saving glut

Bauluz, Luis; Novokmet, Filip; Schularick, Moritz - 2022

This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate asset-specific saving flows and capital gains across the wealth distribution for the G3 economies – the U.S., Europe, and China. In the past four decades, global saving...

Persistent link: https://www.econbiz.de/10013187481

Income and wealth inequality in America, 1949-2013

Kuhn, Moritz; Schularick, Moritz; Steins, Ulrike I. - 2017

This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF). Complementing recent work on top income and wealth...

Persistent link: https://www.econbiz.de/10011717045

Is a sorrow shared a sorrow doubled? : parental unemployment and the life satisfaction of adolescent children

Borah, Melanie; Knabe, Andreas; Lücke, Christine - 2023

-old children. Using German panel data (SOEP), we show that unemployment of fathers and mothers is negatively associated with their … children's life satisfaction. When controlling for time-invariant individual heterogeneity, our results suggest that maternal … differential impacts between sons and daughters or between younger and older children. Further results suggest that the impact of …

Persistent link: https://www.econbiz.de/10014431287

Leveraged bubbles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2015

What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes...

Persistent link: https://www.econbiz.de/10011309562

Going to extremes : politics after financial crisis, 1870 - 2014

Funke, Manuel; Schularick, Moritz; Trebesch, Christoph - 2015

Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow post-crisis recoveries. Recent events in Europe provide ample evidence that the political aftershocks of financial crises can be severe. In this paper we study the political fall-out from systemic...

Persistent link: https://www.econbiz.de/10011349087

Central bank balance sheets : expansion and reduction since 1900

Ferguson, Niall; Schaab, Andreas; Schularick, Moritz - 2015

In this paper we study the evolution of central banks' balance sheets in 12 advanced economies since 1900. We find that balance sheet size in most developed countries has fluctuated within rather clearly defined bands relative to output. Historically, clusters of big expansions and contractions...

Persistent link: https://www.econbiz.de/10010528949

Sovereigns versus banks : credit, crises, and consequences

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2013

Two separate narratives have emerged in the wake of the Global Financial Crisis. One speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the...

Persistent link: https://www.econbiz.de/10010199757

Betting the house

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10010468583