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analyse and directly compare fertility patterns in two major European economies over a period of 15 years. Strong evidence is … found that opportunity costs play a role in fertility decisions, and for a positive income effect for females with high … earnings. Females in Germany adapt their fertility behaviour more strongly in response to economic incentives than their …
Persistent link: https://www.econbiz.de/10012222196
How does a negative labor demand shock impact fertility? I analyze this question in the context of the East German … fertility decline after the fall of the Berlin Wall in 1989. I exploit differential pressure for restructuring across East …. Thus, the demand shock did not only depress the aggregate fertility level but also changed the composition of mothers. My …
Persistent link: https://www.econbiz.de/10011899160
This paper studies how the statutory right to work part-time affects mothers’ post-birth labor market outcomes. I use a differences-in-differences design to investigate a reform in Germany that granted the right to work part-time to employees of firms with more than 15 employees. I find that...
Persistent link: https://www.econbiz.de/10014548124
We show that the widespread approach to estimate the career costs of motherhood – so called “child penalties” – is prone to produce biased results, as it pools first-time mothers of all ages without accounting for their differences in characteristics and outcomes. We propose a novel...
Persistent link: https://www.econbiz.de/10015422508
Persistent link: https://www.econbiz.de/10014428785
The relation between the ECB's main refinancing (MRO) rates and the money market is key for the monetary transmission process in the euro area. This paper investigates how money market rates respond to the new information revealed by MRO auctions. Our results confirm a stabilizing level...
Persistent link: https://www.econbiz.de/10003962841
We study the intraday interest rate in a CCP-based GC pooling repo market and its key determinants. Since collateral used in this market is identical to collateral eligible for the daylight overdraft facility of the Eurosystem, any intraday rate in this market cannot be a result of collateral...
Persistent link: https://www.econbiz.de/10011308459
Against the backdrop of a high stock of non-performing loans (NPLs) in several European countries, this paper investigates the role of NPLs for lending rates charged for newly granted loans in the euro area. More precisely, it looks for an effect that extends beyond losses caused by that stock...
Persistent link: https://www.econbiz.de/10011955694
Since the negotiation of the Maastricht Treaty in December 1991 expectations on the new European currency could possibly influence European interest rates. The focus of this paper is both on the theoretical and empirical analysis of the link between European Monetary Union (EMU) and German...
Persistent link: https://www.econbiz.de/10011621678
The neo-Fisherian view does not consider a negative interest rate gap a prerequisite for boosting inflation. Instead, a negative interest rate gap is said to lower inflation. We discuss this counterintuitive response - known as the Fisher paradox - in a prototypical new-Keynesian model. We draw...
Persistent link: https://www.econbiz.de/10011671353