We use a unique dataset with bank clients’ security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth...

Whether couples pool their resources and behave like a unit or spend their income individually is crucial for social and tax policy. In this paper, I provide a test of the income pooling hypothesis using administrative cross-sectional survey data on expenditures and individual incomes of couple...

Using novel time-use data from Germany before and after reunification, we document two facts: First, spouses who both work full-time exhibit similar housework patterns whether they do so voluntarily or due to a full-time mandate, as in the GDR. Second, men's amount of housework is independent of...

Wie kann Vereinbarkeit von Beruf und Familie gelingen – und zwar sowohl bei Frau-en als auch bei Männern? Ziel des Forschungsprojektes "Betriebliche Gelingensbedin-gungen einer partnerschaftlichen Aufteilung von Erwerbs- und Familienarbeit" war es herauszufinden, unter welchen Bedingungen...

This paper investigates the redistributive impact of private and public childcare provision and education on children's resources in Germany between 2009 and 2013. It takes account of the multidimensionality of children's needs and access to economic resources by applying an extended income...

More than 25 years after German reunification, key economic indicators for households living in eastern German regions are still below the western German levels. This particularly holds for private net wealth, which reaches only about 40% of the western German level. However, a more granular...

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model...