Labor Market Participation, Home Production and the Demand for Unskilled Labor
In the course of increasing labor market participation, especially among women, and rising wealth, one observes an increase in outsourcing of home production. Cleaning ladies and house maids, but also restaurants, garages and kindergartens, take over work that has formerly been done by the people themselves. The process creates new jobs for unskilled workers in the service sector. Against this background, Melanie Lührmann and Matthias Weiss have examined the effects of prolonging the number of working hours per week or the impact of increasing labour market participation on the demand for unskilled labor and unemployment.
Aging and Productivity: State of Research
Although population aging is one of the best foreseeable phenomena with far reaching consequences for labor markets and production, there are only few studies concerning the relationship of age and productivity. Axel Börsch-Supan, Matthias Weiss and Ismail Düzgün evaluate the state of research interdisciplinarily.
The „Asset Meltdown“: A Popular Hypothesis Put into Perspective
According to the lifecycle theory of consumption and savings, households de-cumulate their asset holdings during retirement. In an aging society this effect leads to a decrease of aggregate household savings. Two developments additionally accelerate this process. First, in aging societies, the rate of return to capital goes down which may further decrease retirement savings. Second, the retirement of the baby boomers will speed up this process. Pessimists therefore forecast a massive decline of household demand for financial assets, as well as a decline in capital returns and a massive meltdown of wealth to occur when the baby boomers retire. This financial horror scenario, also known as the "Asset Meltdown Hypothesis", has been challenged by Axel Börsch-Supan, Alexander Ludwig and Joachim Winter.
MEA – Seminar
29 May 2013: Tabea Bucher-Koenen "Gender, Confidence and Financial Literacy"
"Ökonomische Analyse des Rentenreformpakets der Bundesregierung" [Economic Analysis of the Pension...
Call for Papers
PHF-SAVE Conference on "Household Finances, Saving and Inequality: An International Perspective",...
SHARE Wave 4 Book Launch celebrated June 27, 2013 in Brussels
„Solidargemeinschaft oder Eigenverantwortung - Wie viel Staat muss sein?“ findet am 27. November...