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    <title>EconStor Collection:</title>
    <link>https://hdl.handle.net/10419/67600</link>
    <description />
    <items>
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        <rdf:li rdf:resource="https://hdl.handle.net/10419/306866" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/281162" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/273530" />
        <rdf:li rdf:resource="https://hdl.handle.net/10419/280694" />
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    <dc:date>2026-04-28T16:54:00Z</dc:date>
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  <item rdf:about="https://hdl.handle.net/10419/306866">
    <title>Short-Time Work and Precautionary Savings</title>
    <link>https://hdl.handle.net/10419/306866</link>
    <description>Title: Short-Time Work and Precautionary Savings
Authors: Dengler, Thomas; Gehrke, Britta; Zessner-Spitzenberg, Leopold
Abstract: During the Covid-19 crisis, most OECD countries used short-time work (subsidized reductions in working hours) to preserve employment. This paper documents that short-time work affects the behavior of firms (supply) and households (demand). First, using household survey data from Germany, we show that the consumption risk of short-time work is lower than that of unemployment. Second, we construct a New Keynesian model with heterogeneous workers and firms, incomplete asset markets, and labor market frictions. Short-time work weakens workers' precautionary savings motive and lowers labor costs. This reduces the level and volatility of both the separation and unemployment rate at the cost of tying workers to less productive firms. Quantitatively, the positive employment effects dominate the productivity losses.</description>
    <dc:date>2024-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/281162">
    <title>Low-Income Families, Maternal Labor Supply, and Welfare Reform</title>
    <link>https://hdl.handle.net/10419/281162</link>
    <description>Title: Low-Income Families, Maternal Labor Supply, and Welfare Reform
Authors: Garstenauer, Viola; Siassi, Nawid
Abstract: In this paper, we examine reforms that alleviate large employment disincentives induced by child-related transfers for married mothers. We develop a life-cycle model where married couples face labor market, child care and fertility risk, and make joint labor supply and consumption-saving decisions. The evolution of female human capital is endogenous and shaped by mothers’ employment decisions. We calibrate the model to the U.S. using data from the Current Population Survey. We show that participation tax rates exceed 25 percent for most mothers in our sample, and can be as high as 60 percent when including child care expenses. We then evaluate reforms to existing tax credits for working couples. We find that (i) expanding child care tax credits and (ii) introducing a secondary earner EITC deduction lead to substantially higher employment rates among married mothers. Both reforms are easily implementable, self-financing, and welfare-improving. A combination of both reforms closes the maternal employment gap altogether.</description>
    <dc:date>2024-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/273530">
    <title>Homeownership Rates, Housing Policies, and Co-Residence Decisions</title>
    <link>https://hdl.handle.net/10419/273530</link>
    <description>Title: Homeownership Rates, Housing Policies, and Co-Residence Decisions
Authors: Grevenbrock, Nils; Ludwig, Alexander; Siassi, Nawid
Abstract: Homeownership rates differ widely across European countries. We document that part &#xD;
of this variation is driven by differences in the fraction of adults co-residing with their parents. &#xD;
Comparing Germany and Italy, we show that in contrast to homeownership rates per &#xD;
household, homeownership rates per individual are very similar during the first part of the &#xD;
life cycle. To understand these patterns, we build an overlapping-generations model where &#xD;
individuals face uninsurable income risk and make consumption-saving and housing tenure &#xD;
decisions. We embed an explicit intergenerational link between children and parents to capture &#xD;
the three-way trade-off between owning, renting, and co-residing. Calibrating the model &#xD;
to Germany we explore the role of income profiles, housing policies, and the taste for independence &#xD;
and show that a combination of these factors goes a long way in explaining the &#xD;
differential life-cycle patterns of living arrangements between the two countries.</description>
    <dc:date>2023-01-01T00:00:00Z</dc:date>
  </item>
  <item rdf:about="https://hdl.handle.net/10419/280694">
    <title>Job Ladder and Wealth Dynamics in General Equilibrium</title>
    <link>https://hdl.handle.net/10419/280694</link>
    <description>Title: Job Ladder and Wealth Dynamics in General Equilibrium
Authors: Kaas, Leo; Lalé, Etienne; Siassi, Nawid
Abstract: This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a good fit to the empirical age profiles of search activity, job-finding rates, wages and savings, so that we use the model to examine the role of age and wealth for worker flows and for the consequences of job loss. We further analyze the impact of unemployment insurance and progressive taxation for labor market dynamics and aggregate economic activity via capital, employment and labor efficiency channels. Lower unemployment benefits or a less progressive tax schedule bring about welfare losses for a newborn worker household.</description>
    <dc:date>2023-01-01T00:00:00Z</dc:date>
  </item>
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