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The current U.S. Social Security program redistributes resources from high wage workers to low wage workers and from two-earner couples to one-earner couples. The present paper extends a standard general-equilibrium overlapping-generations model with uninsurable wage shocks to analyze the effect...
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In der folgenden Studie möchten wir ausgewählte Aspekte von intra- und intergenerationalen Umverteilungseffekten im System der bundesdeutschen Alterssicherung auf der Basis der Humankapitalheorie mit Simulationsmethoden analysieren. Falls es das Ziel der Politik ist, die Ungleichheit des...
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Children can be considered as a marriage-specific investment that increases the value of the marriage, making a divorce … children conceived during first marriage. Our results indicate that the presence of children significantly reduces the … conclude that children conceived before first marriage increase the risk of marital disruption. Finally, the higher the parents …
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