We present a combined, consistent microsimulation-AGE model that uses the labour market model PACE-L, data from the German Socio-Economic Panel and a discrete choice labour supply estimation. The model is used to analyse a reform that cuts the social assistance minimum income and lowers the...

Traditionelle Wohlfahrtsanalysen auf der Basis monetärer Größen erfordern eine Erweiterung um ihre Zeitdimension. Im Laufe der Zeit verringerte sich die Bedeutung von Vollzeitarbeit zugunsten neuer Arbeitsarrangements (Schlagwort: flexible Arbeitsmärkte). Unsere Studie trägt zur...

Traditional welfare analyses based on money income needs to be broadened by its time dimension. In the course of time the traditional full-time work is diminishing and new labour arrangements are discussed (keyword: flexible labour markets). Our study is contributing to economic well-being by...