We analyze workers’ risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpin-ning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them against future losses. We use the German Socio-Economic Panel (SOEP) to demonstrate that risk affinity is ...
This study develops and applies a framework for analyzing variability in individuals’ occupational prestige trajectories and changes in average variability between birth cohorts. It extends previous literature focused on typical patterns of intragenerational mobility over the life course to more fully examine intracohort differentiation. Analyses are based on rich life course data for men and women ...
This study investigates whether mothers whose children enter early childhood education and care (ECEC) centers of higher quality are more likely to work longer hours. The empirical analysis links the Socio-Economic Panel (SOEP) Study with the K2iD-SOEP extension study, which collected ECEC quality information from childcare centers across Germany. Based on a sample of 556 mothers of 628 children with ...
Expanding public or publicly subsidized childcare has been a top social policy priority in many industrialized countries. It is supposed to increase fertility, promote children’s development and enhance mothers’ labor market attachment. In this paper, we analyze the causal effect of one of the largest expansions of subsidized childcare for children up to three years among industrialized countries on ...
We study the literature on school financial education programs for children and youth via a quantitative meta-analysis of 37 (quasi-) experiments. We find that financial education treatments have, on average, sizeable impacts on financial knowledge (+0.33 SD), similar to educational interventions in other domains. Additionally, we document smaller effects on financial behaviors among students (+0.07 ...
In research on stratification and inequality, administrative data are popular for their wide coverage and assumed high quality. Yet, the quality of the data depends crucially on the aim of data collection. In this paper, we investigate the quality of information on education in administrative data from social security records provided by the German Federal Institute for Employment Research where education ...
Research on the consequences of starting in overeducation often focuses on either secondary or tertiary graduates. We focus on both within one country, Germany. While matching and search models imply the improvement of initial overeducation, human capital theory and stigma associated with overeducation predict entrapment. The strongly skill- and occupation-based labour market for the vocationally trained ...
