The aim of this paper is to show possible consequences of changes in labor force participation of women and the connection between fertility and labor force participation on the future demographic and economic development in Germany. For this purpose a projection model based on micro-data...

A well known problem with revealed preference methods is that when data are found to satisfy their restrictions it is hard to know whether this should be viewed as a triumph for economic theory, or a warning that these conditions are so undemanding that almost anything goes. This paper allows...