Is there a trade off while influencing borrowing behavior vis-á-vis consumption by cash transfers? We consider the case of Telangana, an Indian state, which saw implementation of an unconditional cash transfer to change the borrowing behavior of agricultural land-owners – the transfer amount...

Germany, like many other countries, has undergone a series of pension reforms since the 1980s which generally decreased benefit generosity and increased the retirement age due to demographic pressures. This paper investigates whether these reforms have increased income and wealth inequality...

Die demografische Entwicklung in Deutschland wird dazu führen, dass sich der sogenannte Altenquotient, der als Maß für die Bevölkerungsstruktur herangezogen werden kann, deutlich erhöhen wird; dies hat maßgebliche Auswirkungen auf den sogenannten Generationenvertrag. Hierbei handelt es sich...

In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...