This paper introduces a methodological innovation into Generational Accounting. By incorporating cyclically-adjusted balances into the forward-looking budget projections underlying the concept we isolate pure policy effects, which render comparisons of the fiscal sustainability indicators...

Our paper analyzes the impact of the introduction of a home care allowance for children between 13 and 36 months of age and explicitly takes the expansion of publicly funded day care into account. We use the German Socio-Economic Panel (SOEP) to estimate a structural model in which parents...

The study investigates to what extent key measures of family related policy in Germany contribute to economic stability of households and to reconciliation of family and work. The comparative assessment is based on a behavioral micro simulation model that accounts for the interactions between...