This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model indicates a strong relationship between family background and skill formation. Sibling correlations in non-cognitive ...
Wir gehen der Frage nach, ob die gegenwärtige Vermögensungleichheit in Deutschland auf eine Dominanz von Erbschaften im oberen Bereich der Verteilung zurückzuführen ist. Auf Basis von Daten der Deutschen Bundesbank zeigt sich, dass die Vermögen der Deutschen zu etwa zwei Dritteln auf Eigenleistung und zu etwa einem Drittel auf Erbschaft zurückgehen. Diese Proportion verändert sich entlang der Vermögensverteilung ...
In:
Perspektiven der Wirtschaftspolitik
17 (2016), 1, S. 35-53
| Giacomo Corneo, Timm Bönke, Christian Westermeier
By 2010, 27 to 40 percent of all households in euro countries had inherited or received gifts. This only includes transfers from outside their own household. The present value of these transfers averaged between 85,000 and 274,000 euros, depending on the relevant country. The sum of all inheritances and gifts in western Germany corresponds to one-third of the current net worth of households— and is ...
2016| Christian Westermeier, Anita Tiefensee, Markus M. Grabka
Bis 2010 hatten 27 bis 40 Prozent aller Haushalte in den Euroländern geerbt oder eine Schenkung erhalten. Darunter fallen nur Transfers, die von außerhalb des eigenen Haushalts kamen. Der Gegenwartswert dieser Transfers lag durchschnittlich zwischen 85 000 Euro und 274 000 Euro je nach Land. Die Summe aller Erbschaften und Schenkungen entspricht in Westdeutschland einem Drittel der aktuellen Haushaltsnettovermögen ...
2016| Christian Westermeier, Anita Tiefensee, Markus M. Grabka
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro‐area countries. First, we investigate the patterns of prevalence and ...
This paper analyzes whether individuals have equal opportunity to achieve happiness (or well-being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find high sibling correlations for all measures of well-being. The results suggest that family background explains, ...
In:
The B.E. Journal of Economic Analysis & Policy
16 (2016), 1, S. 125-149
| Daniel D. Schnitzlein, Christoph Wunder
Single parents and unmarried couples are increasingly replacing the traditional nuclear family. This paper investigates if the greater variety in living arrangements contributes to increased resource disparities among children in Germany. Children in single parent families are disadvantaged in at least three dimensions decisive for their later achievements: material standard of living, parental education, ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2016,
45 S.
(Discussion Paper / School of Business & Economics ; 2016,1)
| Charlotte Bartels, Maximilian Stockhausen