In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in pension wealth created by Poland’s 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by estimating “difference-in-differences”...

Daniel S. Hamermesh presents the first comprehensive evidence explaining how days of work, hours of work, and daily schedules are determined in the U.S. and Germany. Using an instantaneous approach to looking at unique data sets for each country, Hamermesh provides comparative analyses on...