Welfare Reforms and the Division of Parental Leave
Financial incentives influence fathers' decision on how long to take parental leave. Following the 2019 directive on Work-Life Balance, all EU member states must by 2022 provide each parent 9 weeks of paid (non-transferable) parental leave. This research paper studies how the 2019 directive can be implemented to better achieve a more equal sharing of the burden of raising children.
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Other CESifo Working Papers
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Central Bank Swerving from Its Path
The Executive Board of the European Central Bank (ECB) wants to make monetary policy “greener” and expand their competencies: with independently assessing the environmental friendliness of projects financed by corporate bonds and giving preference to issuers rated positively in securities purchases. Clemens Fuest is concerned about the legitimacy of the independence of a central bank that is stretching its mandate into the political realm.
ifo Viewpoint 224
More about Clemens Fuest
 Clemens Fuest’s LinkedIn profile
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Taxing the Residual Profit of Multinational Enterprises: A Critique of Formulaic Apportionment and a Proposal
The article argues against the proposal that requires large multinational companies to pay some of their income taxes where revenue is generated. Instead, the OECD should apply more practical rules that rely on unilateral profit splitting and do not require uniform international rules on accounting.
Abstract & full paper
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Calamities, Common Interests, Shared Identity: What Shapes Altruism and Reciprocity?
Information on the Covid-19 pandemic increases altruistic behavior and reciprocity toward compatriots, citizens of other EU countries and non-EU citizens. This is one key result of a large-scale survey experiment conducted in August 2020 by EconPol Europe network members in nine European countries.
Abstract & full paper
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Increase in EU Funding Goes Hand in Hand with More Nighttime Lights
EU funding allocation is accompanied by an increase in nighttime lights in the communities that receive it. “This could be an indication of higher economic performance in these areas and thus of the effectiveness of EU funding,” says ifo researcher Mathias Dolls. However, so far this research does not prove a causal relationship between funding and economic growth, but only a certain correlation.
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Changes in Staffing Levels
Overall, German companies are more likely to create jobs than cut them this year. According to the current Randstad ifo Personnel manager survey, new jobs will be created in 36 percent of companies, while 29 percent will not create new ones.
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Transition to Electromobility Is a Major Challenge
In the coming years, the number of German automotive jobs eliminated as the output of combustion engines shrinks will be higher than the number of employees retiring from the industry. This is the finding of a study conducted by the ifo Institute on behalf of the German Association of the Automotive Industry (VDA).
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Very Slight Increase in Working from Home in May
Slightly more German employees worked from home in May than in the previous month, according to an ifo Institute survey. It found that the number of employees who worked from home at least part time rose from 30.8 to 31.0 percent.
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Shortage of Materials in German Construction Worsens Drastically
The materials problem on German construction sites has worsened. In building construction, 43.9 percent of companies reported in May that they were having problems procuring construction materials on time. This is up from 23.9 percent in April and just 5.6 percent in March. Civil engineering was slightly less affected.
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ifo Business Climate Index Rises Steeply (May 2021)
Sentiment among German managers has improved considerably. The ifo Business Climate Index rose from 96.6 points (seasonally adjusted) in April to 99.2 points in May. This is its highest since May 2019. Companies are more satisfied with their current business situation. They are also more optimistic regarding the coming months. The German economy is picking up.
Other Economic Indicators:
ifo Employment Barometer (May 2021)
ifo Export Expectations (May 2021)
ifo Production Expectations (May 2021)
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CESifo Forum 03/2021: Sustainable Finance: Current Needs, Measures and Impact
Greening the economy is high on the political agenda. As early as 2015, the Paris Agreement set ambitious targets to combat climate change. Efforts have since become broader and are now aimed at promoting sustainable development in general, as set out in the UN 2030 Agenda for Sustainable Development. This issue of CESifo Forum explores why sustainable finance programs may be necessary and takes a closer look at investor and corporate behavior. The authors assess how important the objective of sustainability has been so far and examine how it affects the corporate decisions and those of their peers. They also propose measures to render the corporate sector more sustainable.
The Complete Issue
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The Role of Short-Time Work and Discretionary Policy Measures in Mitigating the Effects of the Covid-19 Crisis in Germany
The consequences of the labor market shock due to the Coronavirus pandemic are highly regressive and severely affect the poorest households. However, this effect is almost entirely offset by automatic stabilizers and discretionary policy measures.
Abstract & full CESifo working paper
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CESifo Economic Studies, Volume 67, Issue 2, June 2021
Empirical Evidence on the Utilization of Income Tax Deductions
The present paper tries to shed some light of the tax deductibility of expenses for child care in Germany. It derives utilization rates by using survey data on actual child care expenses and official tax-return data on deductions for child-care expenses. The estimation results show that (potential) tax breaks from utilization are significantly positively correlated with the probability of utilization. Other kinds of deductions are also highly significant, suggesting that knowledge of tax statutes as well as opportunity costs matter.
Tax Reform, Trade Openness and Export Product Diversification
Tax reforms play an important role in developing countries, not only in terms of increasing fiscal space, raising public revenues, reducing tax revenue instability, promoting welfare and economic growth, but also in improving the diversification of export products. Policy makers in developing countries should therefore continue their tax reform process with the support of international financial institutions and regional development banks. The current paper has examined the effect of tax reform on export product diversification using a sample of 112 developing countries from 1980 - 2014.
The Complete Issue
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The Passing of J. Peter Neary (1950–2021)
It is with profound sadness that we received the news that J. Peter Neary, Emeritus Professor at Oxford University, has passed away. Peter was one of the leading trade economists, not only in Europe, but in the world, with many path-breaking contributions, some of which are currently in print. Apart from his work as a professor and as a leader and chair of institutions, many of us admired Peter as a speaker, as a reviewer, and as a commentator. His dedication, in particular to young scholars, in helping to bring the most interesting and relevant aspects of their work to the fore is something very rare. He was a great supporter of, and was a regular participant at CESifo's Global Area conferences. We will deeply miss him for his brilliant talks, his insightful comments, his warm support, and his witty dinner conversations. We extend our sincere sympathies to his family, his colleagues, and his many friends.
Peter Egger, CESifo Area Director, Global Economy
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Guests
Every month, CESifo and CES normally host guest researchers from different parts of the world.
Dirk Bergemann, Yale University, USA, is visiting CES 9 June – 31 July 2021.
Find more Information
How to Become a Guest
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The Bulletin Board is where CESifo network members can post news and messages that are of interest to the research community and to all CESifo Newsletter readers. If you have anything you would like to share, please feel free to contact us at services@cesifo.de.
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Forum Climate Economics 9: Increasing Global Climate Ambition – How to get Lower-Income Countries and Fossil-Fuel Exporters on Board?
The Forum Climate Economics 9 will take place virtually on 22 June, 2021 from 12.00 - 2.30 CEST. Keynote speakers are Laurence Tubiana, France´s Special Representative to the Paris COP and CEO of the European Climate Foundation, and Adam Sieminski, president of the Saudi-Arabian think tank King Abdullah Petroleum Studies & Research Center (KAPSARC). The Forum Climate Economics 9 will integrate perspectives from the global North and South to shed light on the specific needs and challenges of these countries for ratcheting up their climate goals. What can the global North contribute to overcome these challenges? Which policies can facilitate the transition to a low-carbon economy in low-income countries? And how to support fossil-resource rich countries so they can keep the oil, gas and coal in the ground? To participate to this event, please register here.
For more information please visit the website.
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Call for Papers: Zurich Conference on Public Finance in Developing Countries
The 6th Zurich Conference on Public Finance in Developing Countries is scheduled for 13-14 December, 2021: Submissions of papers or extended abstracts are welcome.
Ugo Gentilini, Global Lead for Social Assistance, World Bank is the Keynote Speaker.
The goal of the conference is to bring together leading economists working on public
economics in developing countries.
The organizers are planning to hold the conference in person. However, if the Covid-19 situation does not allow participants to travel, there will be hybrid sessions with in-person and online attendance. More information can be found here.
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Call for Papers: Zeuthen Workshop on Inequality and Public Policy
In connection with the Zeuthen lectures, the Center for Economic Behavior and Inequality (CEBI) at the University of Copenhagen is organizing a workshop on Public “Inequality and Policy” 7 - 8 September, 2021. Submission of papers for presentation at the workshop are welcome and should cover theoretical and empirical topics on inequality and public policy, for example, analyzing sources of inequality across gender and social classes, behavioral responses to tax and welfare policy, and the trade-off between equality and efficiency in policy making. Submission deadline is on August 8. For more information, please visit the website.
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Call for Papers: Franco-German Fiscal Policy Seminar 2021
The French Ministry for the Economy and Finance is pleased to announce the call for
papers for the 2021 Franco-German Fiscal Policy Seminar (FPS), which will take place in Paris on 9-10 November 2021. This annual Seminar aims to bridge the gap between academic research and policy-making. This year’s topic is: “One year through the Covid-19 crisis”. Keynote speaker: Antonio Fatás (INSEAD, CEPR and ABFER).
Both theoretical and empirical submissions are welcome. Submissions in English are requested and should be sent by 30 June 2021 to: francogerman-seminar@dgtresor.gouv.fr (please use the subject line: “Submission for 2021 Franco-German Fiscal Policy Seminar”). For more information visit the website.
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