Wer in einem Job arbeitet, dessen Anforderungen seiner Persönlichkeit entsprechen, verdient mehr als andere. Vor allem Menschen, die genau das für ihre Arbeit erforderliche Maß an Offenheit für Neues mitbringen, werden besser bezahlt als ihre KollegInnen. Das belegt nun erstmals eine Studie auf Basis der Daten der für Deutschland repräsentativen Langzeitstudie Sozio-oekonomisches ...
A person’s socioeconomic status (SES) can affect health (social causation) and health can affect SES (health selection). The findings for each of these pathways may depend on how SES is measured. We study (1) whether social causation or health selection is more important for overall health inequalities, (2) whether this differs between stages of the life course, and (3) between measures of SES. Using ...
This paper investigates two mechanisms through which education may affect cognitive skills in adolescence, exploiting a school reform carried out at the state level in Germany as a quasi-natural experiment to identify causal effects: between 2001 and 2007, years at academic-track high school were reduced by one, leaving the overall curriculum unchanged. First, I exploit the variation over time and ...
China recently announced its national emissions trading scheme, advancing market-based approaches to cutting greenhouse gas emissions. Its evolution over coming years will determine whether it becomes an effective part of China’s portfolio of climate policies.
Wolfgang Zapf, former SOEP Director and longtime supporter and advocate for the SOEP, passed away in late April at the age of 81. Wolfgang Zapf was instrumental in the founding of the SOEP study in the early 1980s, together with colleagues in the fields of sociology and economics. He has had an enduring influence on the measurement concepts used in the SOEP, and his quality of life concept has become ...
Ende April verstarb Wolfgang Zapf kurz nach seinem 81. Geburtstag. Die Längsschnittstudie SOEP verliert einen langjährigen Förderer und stets verlässlicher Unterstützer. Wolfgang Zapf hat das SOEP in den frühen 80er Jahren gemeinsam mit seinen Kolleginnen und Kollegen aus der Soziologie und Ökonomie aus der Taufe gehoben und auf dessen Messkonzepte nachhaltig eingewirkt. ...
Using exchange rates futures instead of forwards completes the maturity spectrum of the correlation between the spot return and the premium. The correlation decreases with increasing maturity, presumably due to a latent risk premium. We hypothesize that the influence of the unobserved risk factor has a contract-specific risk component. Our main contribution is to control for the omitted variable bias ...
