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The Effect of Long-Term-Care Subsidies on Female Labor Supply and Fertility

Korn, Evelyn; Wrede, Matthias - 2021

Fertility and the provision of long-term care are connected by an aspect that has not received attention so far: both …’s fertility as well as their labor supply when young are affected by such policies. The overall effect can be decomposed into an … opportunity-cost effect and a consumption-smoothing effect that each impact fertility as well as labor supply in opposite …

Persistent link: https://www.econbiz.de/10013315860

Pensions and Fertility : Back to the Roots - The Introduction of Bismarck's Pension Scheme and the European Fertility Decline

Fenge, Robert; Scheubel, Beatrice - 2021

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …

Persistent link: https://www.econbiz.de/10013315719

Crowding Out of Long-Term Care Insurance : Evidence from European Expectations Data

Costa-Font, Joan - 2014

Long-term care (LTC) is the largest insurable risk that old-age individuals face in most western societies. However, the demand for LTC insurance is still ostensibly small in comparison to the financial risk, which is reflected in the formation of expectations of insurance coverage. One...

Persistent link: https://www.econbiz.de/10013048828

Linkages between the US and European Stock Markets : A Fractional Cointegration Approach

Caporale, Guglielmo Maria - 2015

This paper analyses the long-memory properties of US and European stock indices, as well as their linkages, using fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the standard ones usually employed in the literature. The...

Persistent link: https://www.econbiz.de/10013013497

Monetary Policy Transmission and House Prices : European Cross-Country Evidence

Carstensen, Kai - 2013

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...

Persistent link: https://www.econbiz.de/10013095720

International Migration, Transfers of Norms and Home Country Fertility

Beine, Michel; Docquier, Frédéric; Schiff, Maurice W. - 2021

This paper examines the relationship between international migration and source country fertility. The impact of … international migration on source country fertility may have a number of causes, including a transfer of destination countries …' fertility norms and an incentive to acquire more education. We provide a rigorous test of the diffusion of fertility norms using …

Persistent link: https://www.econbiz.de/10013316417

An Empirical Analysis of the Dynamics of the Welfare State : The Case of Benefit Morale

Halla, Martin - 2009

Does the supply of a welfare state create its own demand? Many economic scholars studying welfare arrangements refer to Say's law and insinuate a self-destructive welfare state. However, little is known about the empirical validity of these assumptions and hypotheses. We study the dynamic effect...

Persistent link: https://www.econbiz.de/10013160043

Social Interaction and Sickness Absence

Lindbeck, Assar; Palme, Mårten; Persson, Mats - 2021

Does the average level of sickness absence in a neighborhood affect individual sickness absence through social interaction on the neighborhood level? To answer this question, we consider evidence of local benefit-dependency cultures. Well-known methodological problems in this type of analysis...

Persistent link: https://www.econbiz.de/10013316579

More Schooling, More Children? Compulsory Schooling and Fertility in Europe

Fort, Margherita; Schneeweis, Nicole E.; Winter-Ebmer, … - 2021

We study the relationship between education and fertility, exploiting compulsory schooling reforms in England and … Continental Europe, implemented between 1936 and 1975. We assess the causal effect of education on the number of biological … children and the incidence of childlessness. We find surprising results for Continental Europe: the additional education …

Persistent link: https://www.econbiz.de/10013315564

Regional Implications of Financial Market Development : Credit Rationing, Trade, and Location

von Ehrlich, Maximilian - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10013088130