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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Helsinki:20190204T121500
DTEND;TZID=Europe/Helsinki:20190204T133000
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SUMMARY:Hanno FOERSTER (University of Mannheim) - "The Impact of Post-Marital Maintenance on Dynamic Decisions and Welfare of Couples " Polytechnique Recruitment
DESCRIPTION:Time: 12:15 pm – 1:30 pmDate: February 4 \, 2019Place: Room 3001\nHanno FOERSTER (University of Mannheim) – “The Impact of Post-Marital Maintenance on Dynamic Decisions and Welfare of Couples ” Polytechnique Recruitment\nAbstract:\nIn many countries divorce law mandates post-marital maintenance payments (child support and alimony) to insure the lower earner in married couples against financial losses upon divorce. This paper studies how maintenance payments affect couples’ intertemporal decisions and wel- fare. I develop a dynamic model of family labor supply\, housework\, savings and divorce and estimate it using Danish register data. The model captures the policy trade off between providing insurance to the lower earner and enabling couples to specialize efficiently\, on the one hand\, and maintaining labor supply incentives for divorcees\, on the other hand. I use the estimated model to analyze counterfactual policy scenarios in which child support and alimony payments are changed. The welfare maximizing maintenance policy is to triple child support payments and reduce alimony by 12.5% relative to the Danish status quo. Switching to the welfare maximizing policy makes men worse off\, but comparisons to a first best scenario reveal that Pareto improvements are feasible\, highlighting the limitations of maintenance policies. \n
URL:https://crest.science/event/hanno-foerster-university-of-mannheim-the-impact-of-post-marital-maintenance-on-dynamic-decisions-and-welfare-of-couples-polytechnique-recruitment/
LOCATION:3001
CATEGORIES:Economics
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