The topic income inequality has recently attracted a lot of attention as a result of increasing inequalities in a number of OECD countries. As reasons for this increase it is often referred the process of globalization. A lot less attention has been given to another process of economic integration – the process of European integration. One exception is the study of the American sociologist Jason Beckfield ...
This paper examines the impact of students' non-cognitive skills locus of control and self-esteem on their decision to enroll at college, and on their wages once they enter the labour market. We extend previous research in several ways: a model of belief formation suggests a pathway by which these traits affect economic outcomes and allows to derive testable predictions concerning individuals' ...
German Socio-Economic Panel data is used to show that the decrease in life satisfaction caused by an increase in the probability of losing work is higher when self-employed than when paid employed. Further estimations reveal that becoming unemployed reduces selfemployed workers’ satisfaction considerably more than salaried workers’ satisfaction. These results indicate that losing self-employment is ...