Employment Penalty after Motherhood: a European Comparison

There is theoretical evidence that economic and family policies have an important impact on mother's employment. The aim of this article is to study empirically the women's transitions from employment to non-employment after they have their first birth in Belgium, West-Germany, Italy, Spain and Sweden. The paper investigates the evolution of post-birth employment across time and how these shifts are related to cross-country different policies and society. We also test if the withdrawal from work is due to marriage or to motherhood. Results show that Spain and West-Germany are the countries with the lowest rates of staying-on in the labour market after childbearing. Higher education is a key explanatory factor of the probability of post-birth employment in all countries, except for Sweden. In the period 1973-93, Belgian and especially Spanish mothers increased their probability of post-birth employment, ceteris paribus. The opposite movement occurred in West-Germany. Italy and Sweden remained fairly constant. This trend is mainly explained by the taxation system (joint vs. separate), education and part-time employmentemployment transitions, part-time work, motherhood, education

Employment After Motherhood: A European Comparison

There is theoretical evidence that economic and family policies have an important impact on mother's employment. The aim of this article is to study empirically the women's transitions from employment to non-employment after they have their first birth in Belgium, West-Germany, Italy, Spain and Sweden. The paper investigates the evolution of post-birth employment across time and how these shifts are related to - cross-country - different policies and society. We also test if the withdrawal from work is due to marriage or to motherhood. Results show that Spain and West-Germany are the countries with the lowest rates of staying on in the labour market after childbearing. Higher education is a key explanatory factor of the probability of post-birth employment in all countries, except for Sweden. In the period 1973-93, Belgian and especially Spanish mothers increased their probability of post-birth employment, ceteris paribus. The opposite movement occurred in West-Germany. Italy and Sweden remained fairly constant. This trend is mainly explained by the taxation system (joint vs. separate), education and part-time employment.employment transitions, part-time work, motherhood, education

Projecting Pension Expenditures in Spain: On Uncertainty, Communication and Transparency

In this paper we suggest a set of indicators about the future performance of the Spanish public pension system and a suitable method of representing their uncertainty, in order to improve the communication to the public opinion about its main future challenges. Spain seems a particularly interesting case in Europe to illustrate our proposals, since the social security system has been in surplus for nine consecutive years, in sharp contrast to the projections made just a decade ago, but, at the same time, most projections foresee for Spain one of the highest increases in public expenditure among EU countries due to ageing. We argue that simple, transparent, credible, public and periodic indicators, which take explicitly into account the uncertainty about future demographic, economic and institutional developments, may contribute to improve the debate on the policies needed to strengthen the pension system.pensions, projections, communication, uncertainty

Fiscal Rules and Macroeconomic Stability

In this paper we analyze the impact of fiscal rules on the effectiveness of fiscal policy as a macroeconomic stabilizing instrument. First, we review the available evidence on the effects of fiscal policy to affect output in the short run and real interest rates and investment and growth in the long run, and we show how the use of fiscal rules has proved useful in restraining debt and deficits. Secondly, we discuss if debt consolidation rules trade off higher output instability in exchange for lower deficits, using three alternative representations of the intertemporal substitution mechanism in a SDGE framework. Our main conclusion is that both the impact of discretionary fiscal policy and the strength of automatic stabilizers are largely unaffected by the 'tightness' of these rules. Therefore, there is nothing in the design of fiscal rules aimed at preventing huge and long-lasting deviations of debt from the steady state level, which makes them an impediment to fiscal policy carrying out its job as a significant stabilizing policy instrument.fiscal rules,output volatility,automatic stabilizers

Human Capital Inequality, Life Expectancy and Economic Growth

This paper provides a theoretical model in which inequality affects per capita income when individuals decide to accumulate human capital depending on their life expectancy. The model assumes that life expectancy depends to a large extent on the environment in which individuals grow up, in particular, on the human capital of their parents. After calibrating the life expectancy function according to the international evidence for cross-section data, our results show the existence of multiple steady states depending on the initial distribution of education. In particular, human capital may converge towards different stable steady states. In accordance with the evidence displayed by many developing countries, the low steady state is a poverty trap in which children are raised in poor families, have a low life expectancy and work as non-educated workers all their lives.life expectancy, iinequality, human capital accumulation

The Contextual Character of Modal Interpretations of Quantum Mechanics

In this article we discuss the contextual character of quantum mechanics in the framework of modal interpretations. We investigate its historical origin and relate contemporary modal interpretations to those proposed by M. Born and W. Heisenberg. We present then a general characterization of what we consider to be a modal interpretation. Following previous papers in which we have introduced modalities in the Kochen-Specker theorem, we investigate the consequences of these theorems in relation to the modal interpretations of quantum mechanics.Comment: 21 pages, no figures, preprint submitted to SHPM

Two-valued states on Baer ∗^*-semigroups

In this paper we develop an algebraic framework that allows us to extend families of two-valued states on orthomodular lattices to Baer $^*$-semigroups. We apply this general approach to study the full class of two-valued states and the subclass of Jauch-Piron two-valued states on Baer $^*$-semigroups.Comment: Reports on mathematical physics (accepted 2013