This paper provides evidence that subjective measures of individual well being can be used to study the impact of income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction with income is more affected by ex ante than ...
We extend the literature on transition economies' wage structures by investigating the returns to tenure and experience. This study applies recent panel data and estimation approaches that control for hitherto neglected biases. We compare the life cycle structure in East and West German wages for fulltime employed men in the private sector. The patterns in the returns to seniority are similar for the ...
For years, the difference between the gross hourly earnings of women and of men has remained constant for German white-collar employees at about 30 percent. It is obvious that regional factors play an important role in explaining this difference. In rural areas, the gender pay gap is especially pronounced (2006: 33 percent) while in metropolitan areas it is considerably lower than the average (2006: ...