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Universal, targeted or both: Effects of different child support policies on labour supply and poverty - A simulation study

Wir untersuchen hypothetische Reformen der wichtigsten Transferleistungen für Kinder in Deutschland: eine Reform des nicht bedarfsgeprüften Kindergeldes, eine Reform der Kinderregelbedarfe im Rahmen der Grundsicherung und eine Kombination aus beiden Leistungen. Mit Hilfe eines statischen Steuer-Transfer Mikrosimulationsmodells (IAB-MSM), das auch endogene Arbeitsangebots- und Inanspruchnahmeentscheidungen ...

A developmental perspective on personality–relationship transactions: Evidence from three nationally representative samples

Objective: Throughout their lives, people experience different relationship events, such as beginning or dissolving a romantic relationship. Personality traits predict the occurrence of such relationship events (i.e., selection effects), and relationship events predict changes in personality traits (i.e., socialization effects), summarized as personality–relationship transactions. So far, evidence ...

ZEW-EviSTA: A Microsimulation Model of the German Tax and Transfer System

This article describes ZEW-EviSTA®, the microsimulation model developed and used at ZEW - Centre for European Economic Research in Mannheim. The model simulates the German tax and transfer system using household micro level data. By estimating fiscal effects, labor market outcomes as well as distributional impacts the model allows for a comprehensive ex ante analysis of reform proposals. Heterogeneity ...

The Labour Market Returns to Sleep

The proportion of people sleeping less than the daily-recommended hours has increased. Yet, we know little about the labour market returns to sleep. We use longitudinal data from Germany and exploit exogenous variation in sleep duration induced by time and local variations in sunset time. We find that a 1-hour increase in weekly sleep increases employment by 1.6 percentage points and weekly earnings ...

Financial Risk Tolerance: Where Does It All Start From?

This chapter introduces the relevance of the debate on financial risk tolerance starting from reconstructing the key macroeconomic changes that progressively expanded the investor base in Europe and beyond starting in the 1990s, focusing both on financial markets and on other relevant sectors. The increased investment opportunities available to the retail investor expanded potential opportunities for ...

Risk Tolerance Tools: From Academia to Regulation and Back

This chapter takes a closer look at the implementation of the first compliance tool to measure risk tolerance in the European Union—the MiFID suitability questionnaire. The literature review carried out in Chapter 1has clearly identified the key dimensions of variability that characterized the academic notion of risk tolerance up to the introduction of the suitability questionnaire. This chapter sets ...

Essays on Expectations and Welfare Analysis of Bargaining Models, and Social Network

Parental Networks, Wage Expectations, and the Intergenerational Educational Mobility

We develop a theoretical labour market model with two generations of workers, endogenous social networks of parents and binary schooling choices of children. Since the market skill premium is unobservable, families rely on noisy wage information obtained from their social contacts giving rise to heterogeneous expectations across families. If social networks are subject to skill homophily and high skill ...

Economic Preferences and the Self-selection of Immigrants

Classical theories hypothesize individual economic preferences, including preferences toward risk, time, and trust, as determinants for migration intention. In the paper, we combine data from the German Socio-Economic Panel, European Social Survey, and World Values Survey to investigate how immigrants to Germany are self-selected from the origin population based on their preferences. We find a higher ...

Non-Cognitive Skills and Labour Market Performance of Immigrants

This paper investigates how non-cognitive skills, e.g., memory, empathy, attention, imagination, and social skills – measured by personality characteristics – relate to the relative labour market performance of immigrants. Using the German Socio-Economic Panel (SOEP) and the Five-Factor Model of personality as a proxy for the non-cognitive skills, we show that these skills matter for the labour market ...