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We estimate the labor force participation (LFP) response to the introduction of means-tested minimum pensions in the UK through the Old-Age Pension Act (OAP) of 1908. The OAP was a major social policy intervention and the first one to universally target older workers in a time of very limited...
Persistent link: https://www.econbiz.de/10012231954
I investigate causal machine learning (CML) methods to estimate effect heterogeneity by means of conditional average treatment effects (CATEs). In particular, I study whether the estimated effect heterogeneity can provide evidence for the theoretical labour supply predictions of Connecticut's...
Persistent link: https://www.econbiz.de/10012232107
Financing consumption of the elderly in the face of the projected increase in life expectancy is a key challenge for economic policy. Moreover, standard structural models with fully rational agents suggest that about 50-60 percent of old-age consumption is financed with voluntary savings, even...
Persistent link: https://www.econbiz.de/10012425067
Persistent link: https://www.econbiz.de/10011809692
Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
The public economics, environmental, transportation and urban economics literature applies different labor supply approaches when studying economic or planning instruments. Some studies assume that working hours are endogenous while the number of workdays is given, whereas others model only...
Persistent link: https://www.econbiz.de/10011483152
This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 reform, individuals with 45 contribution years could...
Persistent link: https://www.econbiz.de/10012230971
Persistent link: https://www.econbiz.de/10011952089
We analyse a model in which families may either be “traditional” single-earner with caring for the child at home or “modern” double-earner households using market child care. Family policies may favour either the one or the other group, like market care subsidies vs. cash for care....
Persistent link: https://www.econbiz.de/10012230973
We analyse the effect of a mandatory kindergarten for four-year-old children on mothers' labour supply in Switzerland. Since education policy is regulated on a federal level, we exploit spatial variation as well as staggered implementation. Using a difference-in-differences approach, we find an...
Persistent link: https://www.econbiz.de/10012314723