Heterogeneity in Phillips Curve slopes among members of a monetary union can lead to downward biases to estimates of the union-wide slope in reduced form regressions. The intuition is that in a monetary union with heterogeneous regional Phillips Curve slopes, the central bank, aiming at...

Der vorliegende Beitrag analysiert anhand eines natürlichen Experiments die mittelfristigen Effekte der Elterngeldreform in Ost- und Westdeutschland. Die Einführung des Elterngeldsim Jahr 2007 hat zu substanziellen Veränderungen in der mittelfristigen Erwerbsbeteiligung (drei bis fünf Jahre...

We study road congestion as a mechanism design problem. In our basic model we analyze the allocation of a set of drivers among two roads, one of which may be congested. An additional driver on the congestible road imposes an externality on the other drivers by increasing their travel time. Each...

Increasing mothers' labor supply is a key policy challenge in many OECD countries. Germany recently introduced a generous parental benefit that allows for strong consumption smoothing after childbirth and, by taking into account opportunity costs of childbearing, incentivizes working women to...

Increasing mothers' labor supply is a key policy challenge in many OECD countries. Germany recently introduced a generous parental benefit that allows for strong consumption smoothing after childbirth and, by taking into account opportunity costs of childbearing, incentivizes working women to...

Bildungsinvestitionen sind für den Einzelnen mit einem höheren Erwerbseinkommen und einem geringeren Arbeitslosigkeitsrisiko im Lebenszyklus verbunden. Eine Analyse auf Basis von Erwerbsbiografien des Sozio-oekonomischen Panels (SOEP) zeigt, dass die private Bildungsrendite, also der...

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...

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...

Die deutsche Wirtschaft wurde 2022 in besonderem Maße von Russlands Angriffskrieg in der Ukraine getroffen. Aufgrund ihrer starken Exportabhängigkeit fielen die hohen Energiepreise, die schwächelnde Weltkonjunktur und gestörte Lieferketten besonders stark ins Gewicht. Umso beeindruckender...

Increasing mothers labor supply is a key policy challenge in many OECD countries. Germany recently introduced a generous parental benefit that allows for strong consumption smooth- ing after childbirth and, by taking into account opportunity costs of childbearing, incentivizes working women to...