Dank der guten konjunkturellen Lage und der Niedrigzinspolitik der Europäischen Zentralbank hat sich der in den vergangenen Jahren erkennbare Trend hin zu mehr Haushaltskonsolidierung 2017 fortgesetzt. Das spiegelt sich auch im Update 2017 des EU-Nachhaltigkeitsrankings der Stiftung...

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...

Die Arbeit untersucht die Bedeutung von Kindern für eine umlagefinanzierte Rentenversicherung. Nach einer Thematisierung grundsätzlicher Fragestellungen wird für verschiedene "Idealtypen" von Umlageverfahren der jeweilige "materielle" Wert von Kindern verdeutlicht. Anschließend erfolgt eine...

Das Update 2016 des EU-Nachhaltigkeitsrankings der Stiftung Marktwirtschaft und des Forschungszentrums Generationenverträge der Universität Freiburg analysiert die Gesamtverschuldung der EU-Mitgliedsländer, deren Entwicklung im Vergleich zum Vorjahr und die langfristige Entwicklung der...

In this study, we provide evidence that parents' beliefs about the value of math, in terms of successful employment, have a positive impact on children's math scores. This result is robust to the reverse causality issue that characterizes the relationship between parental attitude and children's...

To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...

We estimate the effect of welfare reform on the intergenerational transmission of welfare participation and related economic outcomes using a long panel of mother-daughter pairs over the survey period 1968–2013 in the Panel Study of Income Dynamics. Because states implemented welfare reform at...

We study the role of family wealth for children's educational achievement using novel and unique Swedish register data. In particular, we focus on the relationship between grandparents' wealth and their grandchildren’s educational achievement. Doing so allows us to reliably establish the...

Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture important aspects of relations in socioeconomic status more generally....

Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture important aspects of relations in socio-economic status more...

Do people end up in financial trouble simply because of adverse shocks to income and wealth, or is financial trouble related to persistent differences in financial attitudes and behavior that may be transmitted from generation to generation? We address this question using a new administrative...

This paper studies the role of ethnicity in the intergenerational transmission of educational attainment. Relying on heteroskedasticity to identify parameters in the presence of endogenous regressors, I revisit Borjas ethnic capital hypothesis. I find evidence that the OLS estimates of the...

Das Update 2016 des EU-Nachhaltigkeitsrankings der Stiftung Marktwirtschaft und des Forschungszentrums Generationenverträge der Universität Freiburg analysiert die Gesamtverschuldung der EU-Mitgliedsländer, deren Entwicklung im Vergleich zum Vorjahr und die langfristige Entwicklung der...

Do people end up in financial trouble simply because of adverse shocks to income and wealth, or is financial trouble related to persistent differences in financial attitudes and behavior that may be transmitted from generation to generation? We address this question using a new administrative...

This paper analyzes whether individuals have equal opportunity to achieve happiness (or well-being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find...

Auch wenn die europäischen Finanzen und die Haushaltslage der EU-Mitgliedstaaten nicht mehr das beherrschende Thema in der medialen Berichterstattung darstellen, darf dies nicht dazu verleiten anzunehmen, dass die Probleme der öffentlichen Finanzen in der Europäischen Union gelöst seien. Die...

Do people end up in financial trouble simply because of adverse shocks to income and wealth, or is financial trouble related to persistent differences in financial attitudes and behavior that may be transmitted from generation to generation? We address this question using a new administrative...

Intergenerational correlations of risky health behaviors such as tobacco consumption are well established. However, there is still limited empirical evidence about the underlying process through which the transmission is driven. This paper aims at analyzing parental time discounting and its role...

The future effects of climate change may induce increased intergenerational altruism. But will increased intergenerational altruism reduce the threat of climate change? In this chapter we investigate this question. In a second-best setting with insufficient control of greenhouse gas emissions in...

This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model...

This paper explores the view that a criterion of intergenerational equity serves to make choices according to ethical intuitions on a domain of relevant technological environments. In line with this view I first calibrate different criteria of intergenerational equity in the AK model of economic...

In this paper, we investigate sibling correlations in educational outcomes, which serve as a broad measure of the importance of family and community background. Making use of rich longitudinal survey and register data for Denmark, our main aim is to identify the parental background...

This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model...

This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model...

We seek to quantify the role of education as a mechanism through which family background affects earnings. To this end, we propose a generalisation of statistical 'mediation analysis'. In our approach, the treatment and mediator can be multidimensional. This allows us to directly and flexibly...

This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model...

Diese Analyse widmet sich mit dem Instrumentarium der Generationenbilanzierung der Frage, wie sehr die derzeitige humanitäre Zuwanderung die Nachhaltigkeit der deutschen Staatsfinanzen verändern und damit die mit dem demografischen Wandel verbundenen fiskalischen Lasten für die Bevölkerung...

In this paper, we investigate sibling correlations in educational outcomes, which serve as a broad measure of the importance of family and community background. Making use of rich longitudinal survey and register data for Denmark, our main aim is to identify the parental background...

We make use of longitudinal data for the Russian economy over 1994-2013 to obtain earnings and education information about parents and children. We estimate the intergenerational transmission of educational attainment and earning capacity and find high intergenerational correlation of earnings...

The theme of this dissertation is to investigate how financial risks can be allocated in a multi-agent and multi-period setting under the economic principle of “Pareto efficiency and financial fairness” (PEFF). The dissertation is a combination of theory and practice and consists of three...