Abstract: With declining fertility rates across Europe, this study exploits the policy’s quasi-experimental setting of the 2015 introduction of a statutory minimum wage in Germany to study how minimum wage-induced shifts in employment affect fertility behaviour and family dynamics among couples in Germany. The paper makes three main contributions. First, it develops a theoretical model building on recent advances in fertility economics, capturing the evolving relationships between income, female labour force participation, and fertility. Second, it implements an event-study design to estimate the causal effects of labour market shocks on family outcomes. Third, it provides a quantitative assessment of how labour policy affects household labour allocation and fertility behaviour. The findings underscore the importance of evaluating minimum wage policies not only through traditional labour market indicators but also in terms of their broader social and demographic implications, particularly for gender equality and household decision-making.
Abstract: Growing evidence shows that in recent decades, wealth has become more concentrated, reaching historically high levels. Excessive wealth could lead to rich people acting unjustly and, most importantly, could also jeopardise the proper functioning of the legal and political order of European democracies. In this report, we simulate the economic impact of establishing different wealth taxes and a variety of wealth caps in Spain using reliable administrative data on individual income and wealth provided by the Spanish Tax Agency for 2023. Simulations provide an estimate of the resources that could potentially be mobilised so that we illustrate their dimension and potential impact if used to strengthen the financing of the key social policies.