Dear All, 

Please find below the invitation to the IN PERSON CEU Economic Seminar Series (CESS) presentation. 

On Tuesday, Giulia Giupponi (Bocconi) will talk about: ‘Forward-Looking Labor Supply Responses to Changes in Pension Wealth: Evidence from Germany’ (with Elisabeth Artmann and Nicola Fuchs-Schuendeln)

Time and venue: October 17, Tuesday, 11.15am – 12.30pm, at Quellenstrasse 51 (Vienna), QS B-505.

Abstract

We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories, we implement a difference-in-differences design comparing women who had their first child before versus after January 1, 1992. We document significant reductions in labor earnings, driven by intensive margin responses. Our estimates imply that, on average, an extra euro of pension wealth in a given period reduces unconditional labor earnings by 54 cents.

Please sign up for the seminar at this link till 12pm, the day before the seminar!

Best Regards:

Mats