The outcome of pursuing an upper or post-secondary education degree is uncertain. A student might not complete a chosen degree for a number of reasons, such as insufficient academic preparation or financial constraints. Thus, when considering whether to invest in post-secondary education, students must factor their probability of completing the degree into their decision. We study the role of this ...
On January 1, 2017, the parental leave benefit will be celebrating its tenth anniversary. Although its implementation was hotly debated, it has become a widely accepted family policy measure. Its impact on parental labor supply, the division of labor between parents, fertility, and indicators that reflect the well-being of parents and children have been examined from a variety of perspectives. A global ...
Mrs. Wrohlich, at the beginning of next year the parental leave benefit is turning ten. To what extent has it been able to strengthen the financial situation of young families? The parental leave benefit has actually been able to increase the net income of families significantly in the year after their child was born. But the reform also left some people behind – in particular, families ...
On Wednesday, December 14, after a short introduction by Marcel Fratzscher, World Bank Group economists Mario Negre and Christoph Lakner will present the latest report from the Poverty and Shared Prosperity series, “Poverty and Shared Prosperity 2016: Taking on Inequality,” with a focus on its key findings. The presentation will be followed by a panel discussion moderated by Kati ...
On January 1, 2017, the parental leave benefit will be celebrating its tenth anniversary. Although its implementation was fervidly debated, it has become a widely accepted family policy measure. Its impact on parental labor supply, the division oflabor between parents, fertility, and indicators that reflect the well-being of parents and children have been examined from a variety of perspectives. A ...
This paper provides evidence over a long time period on the question of who bears the burden of social security contributions (SSC) in Germany. Following Alvaredo et al. (2016) we exploit kinks in the budget set generated by a drop in the marginal SSC rate at earnings caps. Based on cross-sectional earnings distributions the framework does not rely on policy reforms. Applying the approach to administrative ...
We analyze the implication of time-inconsistent preferences in educational decision making and corresponding policies using a structural dynamic choice model. Based on a novel identification approach, we exploit variation in average years invested in degree attainment through various educational reforms to identify the discount factor of hyperbolic time preferences. We make two important research contributions. ...
