We analyze empirically the optimal design of social insurance and assistance programs when families obtain insurance by making labor supply choices for both spouses. For this purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by social programs, savings and the labor ...
Remarks by Jason Furman, President Obama’s Chief EconomistFoto: DIW Berlin On Monday, April 20, DIW Berlin and its president, Marcel Fratzscher, proudly hosted Jason Furman, Chairman of the Council of Economic Advisers and President Obama’s Chief Economist, to discuss trade and free-trade agreements in a talk attended by about one hundred participants. The talk focused on both old and ...
The Domestic and International Transmission of Financial Shocks
Subsidizing Banking Instability
The German economy is experiencing a strong upturn driven by unexpected expansive impulses, especially the falling oil price and the sharp depreciation of the euro. Gross domestic product is expected to increase by 2.1 percent this year. The 68 percent projection interval ranges from 1.1 percent to 2.8 percent. Consumption is the driving force behind the upturn. The rest of the euro area is also expected ...
it is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face different external career opportunities depending on their nationality. We test whether the career prospect of being ...
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It is contentious to what extent the existing copyright system contributes to the positive development of the regulated sectors of society. The present report shows that substantially more musical works and movies have been released in recent years than before the diffusion of digital copying technology. At the same time, the average quality of these works has been stable according to user assessments. ...
