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We examine the complex relationship between money and happiness. We find that both permanent income and wealth are better predictors of life satisfaction than current income and wealth. They matter not only in absolute terms but also in comparative terms. However, their relative impacts differ. The first exerts a comparison effect—the higher the permanent income of the reference group, the lower life ...
In:
Social Indicators Research
148 (2020), 1, 47-66
| Conchita D'Ambrosio, Markus Jäntti, Anthony Lepinteur
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We consider a model in which a principal may delegate the choice of a project to a better informed agent. The preferences of the agent and the principal about which project should be undertaken may be discordant. Moreover, the agent benefits from being granted more discretion in the project choice and may be motivated by reciprocity. We find that the relationship between the agent’s reciprocity and ...
In:
Journal of Law, Economics, and Organization
35 (2019), 3, 651-695
| Alessandro De Chiara, Ester Manna
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Using large-scale data from the German Socio-Economic Panel (SOEP), this paper finds that financial professionals have a lower prosociality and riskier behavior than a control group. I interpret these findings using the person-organization fit theory, and thus, the compatibility between the employee’s personality and the prevailing culture in their organization. The financial sector attracts riskier individuals, ...
Berlin:
DIW Berlin,
2020,
(SOEPpapers 1075)
| Max Deter
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We investigate the wage, employment, and reallocation effects of the introduction of a nationwide minimum wage in Germany that affected 15% of all employees. Based on identification designs that exploit variation in exposure across individuals and local areas, we find that the minimum wage raised wages but did not lower employment. It also led to the reallocation of low-wage workers from smaller to ...
In:
The Quarterly Journal of Economics
137 (2022), 1, 267–328
| Christian Dustmann, Attila Lindner, Uta Schönberg, Matthias Umkehrer, Philipp vom Berge
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The statutory minimum wage in Germany was set as an hourly wage. Thus, valid information on gross hourly wages must be calculated from monthly wages and weekly working hours. This paper compares the German Socio-Economic Panel (GSOEP) and the (Structure of) Earnings Survey (SES/ES). The sampling and collection of data on employees in the household survey GSOEP, and on jobs in the administrative surveys ...
In:
Jahrbücher für Nationalökonomie und Statistik
239 (2019), 2, 243-276
| Matthias Dütsch, Ralf Himmelreicher, Clemens Ohlert
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Social capital is a resource derived from a person's social network and is important for various outcomes. Social capital declines over time and requires investments to avoid further declines or to increase the stock. However, certain life events can negatively affect social capital. This paper analyzes how informal caregiving, defined as unpaid assistance to persons who cannot perform the usual ...
In:
Social Science Research
85 (2020), January 2020, 102319
| Andreas Eberl
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Abstract Even in the online dating era, individuals will seek intimate partners who live physically nearby. This paper considers the validity of different partner market measures in German NUTS-3 regions; the often used sex ratio is contrasted with different versions of the availability ratio (AR) and versions of the partner market density (PMD). The paper discusses (a) how conceptional aspects of ...
In:
Population, Space and Place
25 (2019), 4, e2178
| Jan Eckhard, Johannes Stauder
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Major economic, environmental, or social shocks induce uncertainty, which in turn may impact economic development and may require institutional change. Based on the idea that catastrophic events (CEs) affect people’s perceptions of reality and judgments about the future, this paper analyzes the effect of CEs on people’s worries in terms of social, economic, and environmental issues. In particular, ...
In:
Empirical Economics
59 (2020), 2, 951-975
| Andree Ehlert, Jan Seidel, Ursula Weisenfeld
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Previous research has shown that women providing family care tend to decrease paid work. We take the opposite perspective and examine how current and previous family care tasks influence women’s likelihood to (re-)enter employment or to increase working hours. Family care is defined as caring for an ill, disabled or frail elderly partner, parent, or other family member. Using German Socio-Economic ...
In:
Journal of Family Issues
41 (2020), 9, 1387-1419
| Ulrike Ehrlich, Katja Möhring, Sonja Drobnič
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Retired parents might invest time in their adult children by providing childcare. Such intergenerational time transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on the fertility of their adult children. We use representative panel data from Germany to link observations on parents and their adult children. We exploit eligibility ages ...
In:
European Economic Review
124 (2020), May 2020, 103392
| Peter Eibich, Thomas Siedler