“…15 Other papers have, e.g., looked at differences in precautionary savings behaviour (Fuchs-Schündeln and Schündeln, 2005), preferences for redistribution (Alesina and Fuchs-Schündeln, 2007), or attitudes towards financial markets and investment behaviour (Laudenbach et al, 2020). 16 In 1976 a baby year was introduced for higher order births in the GDR and this was extended to all births in 1986 (Heisig and Zierow, 2019). During the baby year mothers received generous wage replacement, but commonly returned to employment thereafter.…”