What preferences do partners hold over their relative income within the household? We provide a flexible framework of preferences over relative income within the household that captures various motives, including inequality aversion and a preference for being the primary earner. We study the...

Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced competition. If suffrage is restricted to the elite, this will...

Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced competition. If suffrage is restricted to the elite, this will...

Why did some countries develop larger capital markets than others? To shed light on this perennial question, I present a new macro-historical dataset on stock market capitalization, bank deposits and the output of the financial sector for eighteen advanced economies between 1870 and 2010. Based...

Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced competition. If suffrage is restricted to the elite, this will...

Der Anteil der Frauen unter den Unternehmensgründer*innen in Deutschland ist von je her niedrig. Im Zuge der Covid-19-Pandemie ist der Frauenanteil an den Einzelgründungen in den letzten Jahren sogar noch einmal deutlich gesunken. Diese Entwicklung ließ sich insbesondere in ländlichen...

Bei einem Großteil der deutschen Ehepaare herrscht eine traditionelle Arbeitsteilung vor, in der der Mann Hauptverdiener ist, während die Ehefrau ihre Arbeitszeit reduziert und sich auf den Haushalt konzentriert. In der Familienökonomik wird diese Spezialisierung mit durch komparative...

This paper conducts an in-depth analysis of the National Recovery and Resilience Plans (NRRPs) of Austria, Belgium, and Germany. Exploiting a detailed database that covers all the investments and reforms included in the NRRPs and building on insights from semi-structured expert interviews, we...

The Policy Brief analyzes to what extent the funds provided by the Recovery and Resilience Facility (RRF) are used by member states to finance new projects (additionality of public investments). The analysis shows that in the EU-27 there is no significant relationship between the amount of RRF...

We examine how inequality evolved in Germany during the 1983-2020 period. Labor market participation of women increased significantly, while average weekly working hours of women changed little. Gender differences in earnings are still pervasive and more pronounced for individuals with children....