The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...

This paper analyses the challenges that high public debt and ageing populations pose to medium-term growth. First, macroeconometric model simulations suggest that medium-term growth can benefit from credible fiscal consolidation, partly through reductions in sovereign risk premia. Second, a...

Family Rewards represents the first test of a Conditional Cash Transfer (CCT) program in the U.S., offering families incentives for children's education, family preventive health care and parents' work and training. Using a randomized controlled trial, we find that the program led to substantial...

This paper presents findings from the multi-year, random assignment study of the National Guard Youth ChalleNGe Program (NGYCP), an intensive residential program for high school dropouts. The "second chance" program gives youth an opportunity to earn a high school credential and prepare to enter...

This paper studies the effect of institutional reform on the decision to hold risky assets at the example of the natural experiment of German Division and Reunification. We present empirical evidence indicating that even 16 years after German Reunification risky portfolio choice and composition...

Der Beitrag beschäftigt sich mit der Abschätzung der zukünftigen Zuwanderungsentwicklung nach Deutschland bis 2035. Darin wird ein neuer Modellierungsansatz vorgestellt, der die Zuwanderung nicht nur insgesamt, sondern auch differenziert nach Herkunftsländern, Alter und Geschlecht...

Die Einschätzung hinsichtlich der Zuwanderung nach Deutschland hat sich auch wegen der Beobachtungen der Jahre nach 2009 deutlich geändert: Deutschland erwartet zumindest vorübergehend wieder eine steigende Bevölkerung. Schwierig abzuschätzen bleibt neben der europäischen Arbeitsmigration...

Vor dem Hintergrund der kurzfristigen strukturellen und mengenmäßigen Änderungen in der Flüchtlingszuwanderung sowie den Verhaltensanpassungen in der Flüchtlingspolitik wurde das GWS Discussion Paper 2015/17 aktualisiert. Insbesondere die Prognose und Langzeitabschätzungen wurden an den...

We study the contribution of health-related behaviors to the health education gradient by distinguishing between short-run and long-run mediating effects: while in the former only behaviors in the immediate past are taken into account, in the latter we consider the entire history of behaviors....

This chapter reviews the literature on marriage in developing countries. We describe how marital matching occurs; the trends in age at marriage; assortative mating patterns; marriage payments; and spousal decision-making after a marriage has occurred. Lastly, we discuss trends and rationales for...