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public pension system. We calculate that, in the case of Germany, the fiscal consequences of the 6.4 year increase in age 65 …
Persistent link: https://www.econbiz.de/10009269241
of the tax and transfer system on work incentives. The structural parameter estimates are used to evaluate the effects of … a tax reform targeted at low income individuals on employment behavior and retirement decisions. …
Persistent link: https://www.econbiz.de/10011635029
We quantify the importance of precautionary labor supply using data from the German Socio-Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...
Persistent link: https://www.econbiz.de/10011509111
We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married...
Persistent link: https://www.econbiz.de/10010517688
Economists increasingly recognise the importance of personality traits for socioeconomic outcomes, but little is known about the stability of these traits over the life cycle. Existing empirical contributions typically focus on age patterns and disregard cohort and period influences. This paper...
Persistent link: https://www.econbiz.de/10012703697
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10010505108
This paper quantifies the life-cycle incidence of key family policy measures in Germany. The analysis is based on a … the German Socio-Economic Panel (SOEP) with a comprehensive tax-benefit model. The results indicate that households in … Germany benefit considerably from family- and marriage-related transfers, yet also reveal substantial variation behindthe …
Persistent link: https://www.econbiz.de/10011299127
To describe adult age differences in intertemporal choice, we analyzed data from 1,491 participants who completed an incentivized monetary intertemporal discounting choice task involving different conditions (e.g., time delay of 12 months vs. 1 month). Respondents completed a number of other...
Persistent link: https://www.econbiz.de/10011880778
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...
Persistent link: https://www.econbiz.de/10011635021
issues empirically using the socio-economic panel data for Germany between 1997 and 2007. Endogeneity of commuting distance …
Persistent link: https://www.econbiz.de/10011635917