TY  - RPRT
A1  - Frodermann, Corinna
A1  - Wrohlich, Katharina
A1  - Zucco, Aline
T1  - Parental Leave Reform and Long-run Earnings of Mothers
T2  - CEPA Discussion Papers
N2  - Paid parental leave schemes have been shown to increase women’s employment rates but decrease their wages in case of extended leave durations. In view of these potential trade-offs, many countries are discussing the optimal design of parental leave policies. We analyze the impact of a major parental leave reform on mothers’ long-term earnings. The 2007 German parental leave reform replaced a means-tested benefit with a more generous earnings-related benefit that is granted for a shorter period of time. Additionally, a “daddy quota” of two months was introduced. To identify the causal effect of this policy on long-run earnings of mothers, we use a difference-in-difference approach that compares labor market outcomes of mothers who gave birth just before and right after the reform and nets out seasonal effects by including the year before. Using administrative social security data, we confirm previous findings and show that the average duration of employment interruptions increased for high-income mothers. Nevertheless, we find a positive long-run effect on earnings for mothers in this group. This effect cannot be explained by changes in working hours, observed characteristics, changes in employer stability or fertility patterns. Descriptive evidence suggests that the stronger involvement of fathers, incentivized by the “daddy months”, could have facilitated mothers’ re-entry into the labor market and thereby increased earnings. For mothers with low prior-to-birth earnings, however, we do not find any beneficial labor market effects of this parental leave reform.
T3  - CEPA Discussion Papers - 16 
KW  - parental leave
KW  - wages
KW  - labor supply
Y1  - 2020
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-443188
SN  - 2628-653X
IS  - 16
ER  - 
TY  - JOUR
A1  - Bach, Stefan
A1  - Thiemann, Andreas
A1  - Zucco, Aline
T1  - Looking for the missing rich: tracing the top tail of the wealth distribution
JF  - International Tax and Public Finance
N2  - We analyse the top tail of the wealth distribution in France, Germany, and Spain using the first and second waves of the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be under-represented in household surveys, we integrate big fortunes from rich lists, estimate a Pareto distribution, and impute the missing rich. In addition to the Forbes list, we rely on national rich lists since they represent a broader base of the big fortunes in those countries. As a result, the top 1% wealth share increases notably for the three selected countries after imputing the top wealth. We find that national rich lists can improve the estimation of the Pareto coefficient in particular when the list of national USD billionaires is short.
KW  - Wealth distribution
KW  - Missing rich
KW  - Pareto distribution
KW  - HFCS
Y1  - 2019
U6  - https://doi.org/10.1007/s10797-019-09578-1
SN  - 0927-5940
SN  - 1573-6970
VL  - 26
IS  - 6
SP  - 1234
EP  - 1258
PB  - Springer
CY  - Dordrecht
ER  - 
TY  - JOUR
A1  - Frodermann, Corinna
A1  - Wrohlich, Katharina
A1  - Zucco, Aline
T1  - Parental leave policy and long-run earnings of mothers
JF  - Labour economics
N2  - Paid parental leave schemes have been shown to increase women’s employment rates but to decrease their wages in case of extended leave duration. In view of these potential trade-offs, many countries are discussing the optimal design of parental leave policies. We analyze the impact of a major parental leave reform on mothers’ long-term earnings. The 2007 German parental leave reform replaced a means-tested benefit with a more generous earnings-related benefit that is granted for a shorter period of time. Additionally, a ”daddy quota” of two months was introduced. To identify the causal effect of this policy mix on long-run earnings of mothers, we use a difference-in-differences approach that compares labor market outcomes of mothers who gave birth just before and right after the reform and nets out seasonal effects by including the year before. Using administrative social security data, we confirm previous findings and show that the average duration of employment interruptions increased for mothers with high pre-birth earnings. Nevertheless, we find a positive long-run effect on earnings for mothers in this group. This effect cannot be explained by changes in the selection of working mothers, working hours or changes in employer stability. Descriptive evidence suggests that the stronger involvement of fathers, incentivized by the ”daddy months”, could have facilitated mothers’ re-entry into the labor market and thereby increased earnings. For mothers with low pre-birth earnings, however, we do not find beneficial long-run effects of this parental leave reform.
Y1  - 2022
U6  - https://doi.org/10.1016/j.labeco.2022.102296
SN  - 0927-5371
SN  - 1879-1034
VL  - 80
PB  - Elsevier
CY  - Amsterdam
ER  -