TY - JOUR AU - Gechert, Sebastian AU - Paetz, Christoph AU - Villanueva Cortés, Paloma PY - 2021 DO - 10.1016/j.jmoneco.2020.03.012 SN - 0304-3932 UR - https://hdl.handle.net/20.500.14352/97503 T2 - Journal of Monetary Economics AB - A narrative dataset of legislative social security shocks is constructed for Germany. The dataset covers major legal changes in benefits and contributions from 1970 to 2018. We estimate their macroeconomic effects in a proxy SVAR. The GDP response to... LA - eng M2 - 571 PB - Elsevier KW - Narrative approach KW - Fiscal multiplier KW - Social security KW - MPC Heterogeneity TI - The macroeconomic effects of social security contributions and benefits TY - journal article VL - 117 ER -