A03: Market failures and family policies

The research program of the previous funding period made a large step forward in understanding the impact of specific frictions on the economic decision-making of families. The evolving research program for the next funding period builds on these important insights and is now centered around the different dimensions of family life that are affected by these frictions. These dimensions stretch from the labor market and career dynamics, over families dealing with the Covid-19 pandemic, to marriage, divorce, and fertility decisions. The common theme in the exploration of these topics will be how frictions affect economic behavior with a focus on families.

Families interact with market frictions in three important ways. First, family life may amplify existing frictions, such as labor search frictions, when multiple family members need to coordinate their labor market opportunities. Second, frictions that are particular to the family (such as limited commitment or asymmetric information in the family) will have effects on other parts of economic life like career decisions of spouses or savings behavior. Third, the family is also an important source of insurance so that it can mitigate market frictions (e.g., women entering the workforce in response to a husband’s job loss).

The proposed research program builds on the established strength of its members and will combine theoretical and applied work. As goals of the research program, we aim at developing positive theories and normative policy recommendations for several countries, among them Germany, Korea, Austria, the Netherlands, and the United States.

A03 project members

Project leaders
Moritz Kuhn
+49 621 181 1929
Michèle Tertilt
+49 621 181 1902
Hanna Schwank
+49 228 73 60383
Minki Kim
+49 621 181 1853
David Koll
+49 621 181 1959
Ursula Berresheim
+49 17650 758 778
Efi Adamopoulou
+49 621 181 3299
Philipp Ager
+49 621 181 1854
Andreas Gulyas
+49 621 181 1804
Anne Hannusch
+49 621 181 3751
Lorenzo Ranaldi
+49 228 73 9236
Leanne Nam
+49 228 73 9236

Former members

  • Suzanne Bellue (Mannheim)

  • Sena Coskun (Mannheim)

  • Sebastian Findeisen (Mannheim)

  • Hanno Foerster (Mannheim)

  • Laura Montenbruck (Mannheim) changed to project A04

  • Tim Obermeier (Mannheim)

  • Sebastian Seitz (Mannheim) rejoined the CRC in project C01

  • Jan Sun (Mannheim)

  • Lingwei Wu (Bonn)

  • Minchul Yum (Mannheim)

  • Jinfeng Luo (Bonn)

Wird geladen