This paper examines the long-term impact of childhood exposure to aggregate shocks on intertemporal decision-making. Drawing on survey data from 80,000 individuals in 76 countries and exploiting within-country, cross-cohort variation in exposure to natural and man-made disasters, I show that such shocks during childhood significantly reduce patience in adulthood. The effects are concentrated...
Der englische Originaltitel des Seminars lautet: “Growing Up with Disasters: Early Memories and the Origins of Patience". Die Präsentation findet auf Englisch statt. Eine kurze Zusammenfassung zum Vortrag ist nur auf der englischen Veranstaltungsseite verfügbar!
This exploratory study examines the effects of parental socialization and parental role models at ages 7 to 10 on the entrepreneurial intentions of their children in adolescence. Analysis of German household data and more than 1,400 observations shows a moderation effect between parental role models and socialization. An adolescent’s willingness to become self-employed in the future is influenced by ...
This chapter comprises three main parts. The first part is about data sources, the definitions of income, and the methodologies used to estimate top income shares. Both the standard sources and methods used by the traditional top income studies are described. Further, new developments that employ new sources and estimation approaches are added, a detailed survey of the top-correction methods for surveys ...
Die junge Generation zahlt hohe Beiträge für Rente, Gesundheit und Klimaschutz – und belastet damit ihre Autonomie. Ein fairer Deal zwischen Jung und Alt geht anders. 84 Prozent der Deutschen – darunter auch die große Mehrheit der Babyboomer – sind überzeugt, dass es künftigen Generationen schlechter gehen wird als uns heute. Dieses Ergebnis ist mehr als nur ein schlechter Stimmungswert. Es ist ein ...
While Equity Crowdfunding (ECF) platforms are a virtual space for raising funds, geography remains relevant. To determine how location matters for entrepreneurs using equity crowdfunding (ECF), we analyze the spatial distribution of successful ECF campaigns and the spatial relationship between ECF campaigns and traditional investors, such as banks and venture capitalists (VCs). Using data from the ...
Why is the Federal Republic of Germany a case of interest at all to be considered in a handbook on poverty and inequality? Three reasons come foremost to mind. First, Germany holds a dominant economic and political position within the European Union, making changes in poverty and inequality highly significant beyond its borders. Second, Germany is often considered a prime example of a "coordinated ...
