In this paper I use a multi-period OLG model to study how a demographic shock is distributed among different generations. In particular, I investigate whether a funded pension system allows for a smoother adjustment than an unfunded system. The results suggest that the answer to this question...

To counteract aging populations, statutory pay-as-you-go pension systems are subject to fundamental reforms in many Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the evolution of the profitability of...

This research analyses retirement behaviour in Austria based on a combined administrative dataset. Data from the Austrian social security database is merged with a dataset that contains very detailed information on all pension-relevant information on the individual level, e.g. insurance records...

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s retirement planning. First, by evaluating a large...

This paper examines the effects of a major change in German parental transfer system on fertility. I use the largely unanticipated reform of 2007 as a natural experiment to assess how an earnings-dependent parental leave benefit effects higher-order fertility. Given the recent introduction, this...

Temporal work flexibility is often viewed as means to improve the reconciliation of family and work. By exploiting theGerman re-unification and the particularities of the labor market of the German Democratic Republic, I show that flexitime allows mothers to spend more time with their children....

In Germany, it has become conventional wisdom that the economic uncertainty associated fixed-term employment contracts prevents young couples from realizing their desire to have children. From a research perspective, it is however far from clear whether fixed-term contracts are the obstacle to...

Germany has the lowest birth rate among all OECD countries. To encourage fertility, the federal government has recently introduced a set of reforms that led to a substantial expansion of public child care for under three year old children. Using administrative county-level data, we exploit...

This paper investigates the role of early life adversity and home resources in terms of competence formation and school achievement based on data from an epidemiological cohort study following 364 children from birth to adolescence. Results indicate that organic and psychosocial risks present in...

Using an epidemiological approach, we study the cultural influence on fertility outcomes of first- and second-generation female immigrants based on a 1% sample of the German population. We proxy for culture in the country of origin using total fertility rates from the year of migration, survey...