Parental divorce has been an increasing experience amongst thegenerations of children born since the 1970s in European countries. Thisstudy analyses data on the partnership and parenthood behaviour ofthose children who experienced parental separation during childhoodfor nine Western European...

In models of money with an infinitely-lived representative agent (ILRA models), the optimal monetary policyis almost always the Friedman rule. Overlapping generations (OG) models are different: in this paper, westudy how they are different, and why. We investigate the welfare properties of...

This paper explores the optimal risk sharing arrangement between generations in an overlapping generations model with endogenous growth. We allow for nonseparable preferences, paying particular attention to the risk aversion of the old as well as overall “life-cycle” risk aversion. We provide...

In den letzten acht Jahren sind in der Reihe der Veröffentlichungen desKuratoriums des RKW, des Rationalisierungs- und Innovationszentrums derDeutschen Wirtschaft, Beiträge unserer Kuratoriumsmitglieder zu den jeweiligenJahresthemen erschienen. Wie auf den Seiten 96ff im einzelnenaufgeführt,...

This paper analyses the intergenerational income mobility for natives and immigrants inSwitzerland. An IV approach based on data from two different data sets is used. As there is noadequate data on fathers, I revert to information from a period that differs from actual fathers’work period....