This project serves to further develop the open source software GETTSIM. GETTSIM is a simulation model written in the programming language Python, which can depict the German tax and transfer system. The software offers a multitude of applications in research and teaching. It is developed in cooperation with the IZA (Institute of Labor Economics) as well as other German research institutes and...
Pension funds carry implications on citizens wellbeing in their retirement years and countries’ growths, rendering changes to them following natural disasters of great importance. Using administrative data that comprises a 10 percent random sample of the Australian population and a natural experimental design, we investigate the effects of natural disasters on retirement savings in the aftermath...
In sequential interactions, both the agent’s intention and the outcome of his choice may influence the principal’s action. While outcomes are typically observable, intentions are more likely to be hidden, leaving potential wiggle room for the principal when deciding on a reciprocating action. We employ a controlled experiment to investigate how intentions and outcome affect the principal’s actions ...
Common ownership - when an investor holds shares in two or more companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership with micro-economic ...
Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age inemployment. An important at-risk group comprises older employees who have worked in demanding jobs formany years. This group may be particularly negatively affected by the abolition of early retirement options. Tomeasure differences in labor market reactions of employees in low- and high-demand ...
We study the incentive and labor market effects of disability benefit programs using unique policy variation in Germany. In 2014, disability benefits of new recipients were increased considerably while eligibility criteria were not changed. We exploit this quasi-experimental policy variation to test the implications at two different margins. First, we analyze to what extent an increase in the...
Ein Unfall, eine chronische Erkrankung oder auch eine angeborene Behinderung sind häufige Ursachen für den Verlust der Erwerbsfähigkeit. Der Wegfall des Erwerbseinkommens wird zwar durch die Erwerbsminderungsrente in der gesetzlichen Rentenversicherung versichert. Diese Rente ist aber so niedrig, dass Erwerbsgeminderte einem sehr hohen Armutsrisiko ausgesetzt sind und überdurchschnittlich häufig Leistungen ...
To determine how wives’ and husbands’ retirement options affect their spouses’ (and their own) labour supply decisions, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since the early 1990s have gradually raised women’s retirement age from 60 to 65, but also increased ages for several early retirement pathways affecting both sexes. We ...