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 ...
Bonn:
IZA,
2016,
39 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 9918)
| Silke Anger, Daniel D. Schnitzlein
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 ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2016,
40 S.
(Discussion Paper / School of Business & Economics ; 2016,1)
| Anita Tiefensee, Christian Westermeier
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
What share of total income in Germany is owned by the country’s top income earners and how has this share developed over the past decade? Answers to these questions can be found both in representative survey data such as the longitudinal Socio-Economic Panel (SOEP) study and in administrative data on income taxation. After the statistics have been harmonized accordingly, it becomes clear there remain ...
We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it can be solved by an interior-point algorithm. If it is quasiconvex, as in case of the Gini coefficient, ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2016,
18 S.
(Discussion Paper / School of Business & Economics ; 2016,16)
| Johannes König, Carsten Schröder
We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom to the fourth income decile. But they do not last very long: the effects are gone within a year. These conclusions ...
Paris:
PES,
2016,
47 S.
(PSE Working Paper ; 2016,16)
| Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski, Nicolas R. Ziebarth
We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom to the fourth income decile. But they do not last very long: the effects are gone within a year. These conclusions ...
London:
CEP,
2016,
47 S.
(CEP Discussion Paper ; 1441)
| Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski, Nicolas R. Ziebarth