Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk …

We show that the discontinuity in the distribution of surveyed female income shares at the margin where a woman would …

-cycle insurance impact is much smaller. At the mean, a positive hours shock of one standard deviation raises life-time income by 10 …

marital choices may be undergoing change. We expand the traditional dimension of assortative mating through labor income only …, covering both labor income and inheritance. This paper studies the concentration and substitutability of these two traits in … forming partnerships using data for Germany from the Panel on Household Finances (PHF). Relative to France, Germany …

Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the … unions can demand different hours from different households, directly taking household heterogeneity into account. In this …, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked …

system parents can invest in children and benefit from their support (care and income support) in the old age. An … determinants of fertility (size of the public sector, level of income, education and infant mortality). By contrast there is a … strong negative relationship between the size of the public sector and fertility. The same is true in terms of income and …

years (about 30%). This gap increases to 7 years (almost 50%) for cohorts 1947-49. We extend our analysis to the household …