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What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review

This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. We start by presenting four concise observations that summarize the empirical literature on the estimation of σ. Motivated by these observations, ...

Job Displacement, Family Dynamics and Spousal Labor Supply

We study the effectiveness of intrahousehold insurance among married couples when the husband loses his job due to a mass layoff or plant closure. Empirical results based on Austrian administrative data show that husbands suffer persistent employment and earnings losses, while wives' labor supply increases moderately due to extensive margin responses. Wives' earnings gains recover only a tiny fraction ...

Can Happiness Apps Generate Nationally Representative Datasets? - a Case Study Collecting Data on People’s Happiness Using the German Socio-Economic Panel

In the last few years, apps have become an important tool to collect data. Especially in the case of data on people’s happiness, two projects have received substantial attention from both the media and the scientific world: “Track your happiness” from Killingsworth and Gilbert (Science, 330, 932-932, 2010), and “Mappiness,” from MacKerron (2012). Both happiness apps used the experience sampling method ...

Panel Survey Recruitment With or Without Interviewers? Implications for Nonresponse, Panel Consent, and Total Recruitment Bias

A Head-to-Head Comparison of Augmented Wealth in Germany and the United States

We examine the composition of augmented household wealth, the sum of net worth and pension wealth, in the United States and Germany. Pension wealth makes up a considerable portion of household wealth of about 48% in the United States and 61% in Germany. When pension wealth is included in household wealth, the Gini coefficient falls from 0.889 to 0.700 in the United States and from 0.755 to 0.508 in ...

Transformational Strategies and Productivity Growth: A Transformational‐Activities Perspective on Stagnation in the New‐Normal Business Landscape

Declines in productivity growth substantially explain new‐normal business stagnation; yet in order to address situations of slack productivity growth, firms can choose from six generic transformational strategies: retirement, renewal, retrenchment, replication, redeployment, and recombination. While the extant literature focuses on specific transformational strategies that particular firms, or industries, ...

Trajectories of Big Five Personality Traits: A Coordinated Analysis of 16 Longitudinal Samples

This study assessed change in self-reported Big Five personality traits. We conducted a coordinated inte-grative data analysis using data from 16 longitudinal samples, comprising a total sample of over 60 000 participants.We coordinated models across multiple datasets and fit identical multi-level growth models to assess and compare theextent of trait change over time. Quadratic change was assessed ...

Tied and Troubled: Revisiting Tied Migration and Subsequent Employment

ObjectiveThis article looks at couples' migration decision making processes and their gender‐specific employment consequences after migration to Germany.BackgroundInternational migration has evolved into a common experience for couples around the globe. Previous research has focused on the internal migration of couples and families. This article is the first to consider couples' international migration ...

Mental Health Outcomes of Adults Born Very Preterm or with Very Low Birth Weight: A Systematic Review

Preterm birth research is poised to explore the mental health of adults born very preterm(VP;

The Economic Research Potentials of the German Socio-Economic Panel Study

We provide a concise introduction to a household-panel data infrastructure that provides the international research community with longitudinal data of private households in Germany since 1984: the German Socio-Economic Panel (SOEP). We demonstrate the comparative strength of the SOEP data in answering economically-relevant questions by highlighting its diverse and impactful applications throughout ...