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SOEP Brown Bag Seminar
Abstract:I present evidence on the association between individuals' cognitive abilities, personality traits, and earnings in Poland. I find that cognitive skills and certain personality traits are complements. In particular, I find that cognitive skills and emotional stability are complementary, with neurotic individuals having significantly lower returns to their cognitive skills....
30.01.2019| Marta Palcznska (Institute for Structural Research)
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Cluster-Seminar Öffentliche Finanzen und Lebenslagen
The recent debate on the causes and consequences of income inequality shows striking similarity to the debate in many parts of Europe before 1914. Today and back then the focus was on the role of capital share and market concentration as a cause for rising inequality. In this study we analyze the drivers and consequences of...
06.02.2019| Charlotte Bartels
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Refereed essays Web of Science
Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate preference parameters of a representative consumer, for use in policy evaluation. Focusing on dynamic models with time-separable preferences, we show that aggregation holds if, and only if, momentary utility functions fall in the Identical-Shape Harmonic Absolute-Risk Aversion (ISHARA) utility class, ...
In:
European Economic Review
111 (2019), S. 166-190
| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
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Refereed essays Web of Science
Beyond money and possessions, how are the rich different from the general population? Drawing on a unique sample of high‐net‐worth individuals from Germany (≥1 million Euro in financial assets; N = 130), nationally representative data (N = 22,981), and an additional online panel (N = 690), we provide the first direct investigation of the stereotypically perceived and self‐reported personality profiles ...
In:
British Journal of Psychology
110 (2019), 4, S. 769-789
| Marius Leckelt, David Richter, Carsten Schröder, Albrecht C. P. Küfner, Markus M. Grabka, Mitja D. Back
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SOEPpapers 1050 / 2019
The objective of the study is to investigate the changing role of explanatory factors of wealth and the gender wealth gap in Germany over the period 2002-2012 using individual level microdata from the German Socio-Economic Panel. The authors apply distributional decomposition methods and focus on the role of changes in labor supply, permanent income, portfolio composition, and marital status in this ...
2019| Eva Sierminska, Daniela Piazzalunga, Markus M. Grabka
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Cluster-Seminar Öffentliche Finanzen und Lebenslagen
Systematic differences along the wealth distribution in investment performance will potentially have large consequences for the level and persistence of wealth inequality. These differences in performance are hard to measure except in a few, select countries with detailed information on household portfolios. In this paper we use a modified version of the Global Capital Asset Pricing Model ...
07.08.2019| Johannes König
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Externe Monographien
This dissertation focuses on three dimensions of inequality: income, (just) taxation, and well-being. All chapters focus on a similar time horizon (2000 to 2015) and essentially on the same geographical area, Germany. The chapters are organized in four parts, each examining a specific research question and based on evidence from microdata - the German Socio-Economic Panel (SOEP). The analysis of chapter ...
Berlin:
FU Berlin,
2019,
IX, 151 S.
| Maria Metzing
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Refereed essays Web of Science
This study examines the causal link between individuals' occupational knowledge and educational choices as well as labor market entry. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still attending school. Exogenous variation in the establishment of JICs makes it possible to estimate intention-to-treat effects in a difference-in-differences ...
In:
Economics of Education Review
69 (2019), S. 108-124
| Nils Saniter, Daniel D. Schnitzlein, Thomas Siedler
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SOEP Brown Bag Seminar
Whether workers feel they are paid fairly is an important determinant of their job satisfaction and productivity. Minimum wage laws aim for fairer wages for low-income workers. But, what are the impacts of minimum wage laws on workers’ fairness perceptions? Using survey data from German Socio-Economic Panel, we show that the introduction of minimum wage law in Germany increased the...
20.02.2019| Levent Neyse, Johannes König, Carsten Schröder
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Refereed essays Web of Science
The research on wealth inequality has generally focused on real and financial assets, while giving little attention to pension wealth: the present value of future pension entitlements from public and company pension schemes. This is surprising given the important role pension plans play in guaranteeing material security and well‐being for a majority of the population, and suggests that they should ...
In:
The Review of Income and Wealth
65 (2019),4, S. 834-871
| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff, Lennard Zyska