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Data Documentation 70 / 2013
This documentation describes the data preparation of the new consumption module in the German Socio-Economic Panel Study (SOEP) and introduces the content and structure of the generated dataset "hconsum." In 2010, the SOEP for the first time included a detailed consumption module in the household questionnaire. This documentation discusses several methodological challenges of the new module and suggests ...
2013| Jan Marcus, Rainer Siegers, Markus M. Grabka
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SOEPpapers 583 / 2013
This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance schemes. I rely on a dynamic programming ...
2013| Daniel Kemptner
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SOEPpapers 564 / 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic desires and alternatives serving intrinsic needs. Thereby the neglect of asymmetries in adaptation is proposed ...
2013| Bruno S. Frey, Alois Stutzer
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SOEPpapers 563 / 2013
How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income as collected in the German Socio-Economic ...
2013| Christian Dudel, Notburga Ott, Martin Werding
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SOEPpapers 560 / 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use a novel data set comprising about 7 million data points that are used to construct a price level for each ...
2013| Thomas Deckers, Armin Falk, Hannah Schildberg-Hörisch
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Externe Monographien
This study aims to explore poverty measures, its dynamics and determinants using Multidimensional Poverty Index (MPI) and consumption poverty. Our results show that the two measures assign similar poverty status to about 52 percent of households and that both approaches confirm poverty is mainly transient in rural Ethiopia. However, we find that the trend in adjusted head count poverty is different ...
Bonn:
IZA,
2013,
38 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 7364)
| Tilman Brück, Sindu Workneh Kebede
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Externe Monographien
Diese Dissertation beschäftigt sich mit verschiedenen Fragestellungen, die den Konsum privater Haushalte betreffen. In drei Kapiteln wird sowohl der intertemporale Konsum, als auch die Nachfrage nach bestimmten Gütern empirisch mit Mikrodaten, die Einnahmen und Ausgaben der deutschen Privathaushalte enthalten, analysiert. Die verwendeten Modelle und die Schätzergebnisse sind sowohl für mikro- als auch ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2013,
VII, 161 S.
| Martin Beznoska
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SOEPpapers 500 / 2012
We study the role of parental wealth for children's educational and occupational outcomes across three types of welfare states and outline a theoretical model that assumes parental wealth to impact offspring's attainment through two mechanisms, wealth's purchasing function and its insurance function. We argue that welfare states can limit the purchasing function of wealth, for instance by providing ...
2012| Fabian T. Pfeffer, Martin Hällsten
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SOEPpapers 499 / 2012
This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.
2012| Thomas Vischer, Thomas Dohmen, Armin Falk, David Huffman, Jürgen Schupp, Uwe Sunde, Gert G. Wagner
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Externe Monographien
The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader measures of consumption than food. Using repeated crosssection data for Germany, this paper analyzes the ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2012,
24 S.
(Discussion Paper / School of Business & Economics ; 2012,14)
| Martin Beznoska, Viktor Steiner