Seminar Series “Macroeconomics and Labor Markets” on 20 June 2023
We are pleased to invite you to the seminar series on “Macroeconomics and Labor Markets“ organized by the Chair of Macroeconomics at the Friedrich-Alexander University Erlangen-Nuremberg, Prof. Merkl, the Chair of Global Governance and International Trade at the Friedrich-Alexander University Erlangen-Nuremberg, Prof. Moser, and the Competence Field Macroeconomics of the Institute for Employment Research (IAB). Researchers of both institutions, as well as national and international guests, present their current work at the intersection of labor- and macroeconomics.
The next seminar will be held on Tuesday, June 20, 12 noon to 1.30 pm (German time).
This will be a hybrid seminar. People from Nürnberg can attend in room E10 at the IAB building (Regensburger Str. 100).
Remote participation will be possible via Skype-Business. The login information will be sent a day before the seminar.
David Koll (University of Mannheim) will talk about
Equity and Efficiency of Childcare Subsidies: A Dynamic Structural Approach (joint work with Dominik Sachs, Fabian Stürmer-Heiber, and Hélène Turon).
Abstract:
Numerous governments provide income-contingent childcare subsidies. In this paper, we estimate the dynamic marginal efficiency cost of redistribution (MECR) associated with a large-scale program of this kind in Germany, and compare them with the MECR associated with the benchmark redistributive tool, the income tax. To do so, we integrate methods from public finance theory into a dynamic structural heterogeneous-household model of childcare demand and maternal labor supply. We also incorporate social mobility concerns into the MECR and find the MECR of the childcare subsidies to be significantly lower at the margin, suggesting that childcare subsidies are the more efficient redistributive tool.