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DIW Applied Micro Seminar
Abstract: We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in society. Using a randomized experiment in a register-linked Swedish survey, we find that informing individuals about the large aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for inheritance taxation. The...
25.10.2019| Daniel Waldenström, Research Institute of Industrial Economics (IFN), Stockholm
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Cluster-Seminar Öffentliche Finanzen und Lebenslagen
(together with Thilo Albers (HU Berlin) und Moritz Schularick (Uni Bonn))
This paper provides the first long-run wealth inequality series for Germany. We combine wealth tax data, survey data, national accounts' household balance sheets, and lists of large wealth holders to study the accumulation and distribution of wealth in Germany from 1895 to 2017. We find that wealth concentration in...
24.07.2019| Charlotte Bartels
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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
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
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
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
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Weitere referierte Aufsätze
Research on earnings inequality mostly relies on survey data, but these data may not be accurate. Survey data on earnings might be biased as research indicates that some respondents are likely to avoid reporting their gross earnings and others are likely to misreport them. In addition, the mode of data collection might affect responses to sensitive questions such as those on earnings. Given these three ...
In:
Quality & Quantity
53 (2019), 1, S. 471-491
| Peter Valet, Jule Adriaans, Stefan Liebig
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DIW Weekly Report 44/45 / 2019
The present study compares the perceptions of fairness of national earned incomes between the populations of Germany and the rest of Europe based on recent data from the European Social Survey (ESS). The vast majority of European respondents consider very low gross earned incomes to be unjustly low. By contrast, very high incomes are less frequently considered too high in Germany than they are in the ...
2019| Jule Adriaans, Philipp Eisnecker, Stefan Liebig