Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Conventional pension systems suffer from a design defect, which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The article outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one...

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Der Koalitionsvertrag sieht zwar keine weitreichenden familienpolitischen Maßnahmen vor. Allerdings sollen die Kindertagesbetreuung und das Elterngeld weiter ausgebaut werden. Damit folgt die Große Koalition zumindest teilweise einer Studie mehrerer Wirtschaftsforschungsinstitute, die alle...

This paper examines the effects of a substantial change in publicly funded paid parental leave in Germany on child development and socio-economic development gaps. For children born before January 1, 2007, parental leave benefits were means-tested and paid for up to 24 months after childbirth....

Im Rahmen der vom Bundesministerium für Familie, Senioren, Frauen und Jugend (BMFSFJ) und vom Bundesministerium der Finanzen (BMF) in Auftrag gegebenen Gesamtevaluation von zentralen ehe- und familienbezogenen Leistungen wurden in der vorliegenden Studie die Auswirkungen der familienpolitischen...

This paper examines the effects of a substantial change in publicly funded paid parental leave in Germany on child development and socio-economic development gaps. For children born before January 1, 2007, parental leave benefits were means-tested and paid for up to 24 months after childbirth....

Using a semiparametric event study approach with a control group, we estimate the effect of motherhood on labor market outcomes in Germany, the child penalty. We further investigate how the 2007 parental benefits reform changed the child penalty while accounting for fertility effects. A large...