According to the ruling of the Federal Constitutional Court of Germany it is unconstitutional if members of the mandatory insurance against long-term care have to pay contributions that are not conditional on the number of their children. This article takes a critical view on child-related...

E. D. Domar and R. A. Musgrave (1944) showed that taxing the return from risky investments may encourage risk taking. The effect has come under attack as being one of partial analysis that would disappear in general equilibrium. This paper shows that the contrary is true if capital markets...