The dissertation is examining training outcomes of the legal minimum wage in Germany. Human capital theory, labor market segmentation theory and labor economic approach constitute the framework of the analysis. We employ a quasi-experimental research design on the basis of the German Socio-Economic Panel for the survey years 2014 to 2016. Measuring the dependent variable, we differentiate between training ...
We show that personality traits mediate the effect of income on Life Satisfaction. The effect is strong in the case of Neuroticism, which measures the sensitivity to threat and punishment, in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism increases the usually observed concavity of the relationship: Individuals with higher Neuroticism score enjoy income more ...