This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model indicates a strong relationship between family background and skill formation. Sibling correlations in non-cognitive ...
Bonn:
IZA,
2016,
39 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 9918)
| Silke Anger, Daniel D. Schnitzlein
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro‐area countries. First, we investigate the patterns of prevalence and ...
Berlin:
Freie Univ. Berlin, FB Wirtschaftswiss.,
2016,
40 S.
(Discussion Paper / School of Business & Economics ; 2016,1)
| Anita Tiefensee, Christian Westermeier
We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom to the fourth income decile. But they do not last very long: the effects are gone within a year. These conclusions ...
Paris:
PES,
2016,
47 S.
(PSE Working Paper ; 2016,16)
| Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski, Nicolas R. Ziebarth
By 2010, 27 to 40 percent of all households in euro countries had inherited or received gifts. This only includes transfers from outside their own household. The present value of these transfers averaged between 85,000 and 274,000 euros, depending on the relevant country. The sum of all inheritances and gifts in western Germany corresponds to one-third of the current net worth of households— and is ...
2016| Christian Westermeier, Anita Tiefensee, Markus M. Grabka
According to calculations based on the Socio-Economic Panel (SOEP) study, the proportion of middle-income group in Germany fell by more than five percentage points from 1991 to 2013, taking it to 61 percent. Germany is not the only country to have experienced such a downturn, however. Analyses of the situation in the US indicate a similar decline. To the middle-income group belong individuals in households ...
2016| Markus M. Grabka, Jan Goebel, Carsten Schröder, Jürgen Schupp
This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model indicates a strong relationship between family background and skill formation. Sibling correlations in non-cognitive ...
It is still widely debated how non-cognitive skills can be affected by policy intervention. For example, universal music education programs are becoming increasingly popular among policy makers in Germany and other developed countries. These are intended to give children from poor families the opportunity to learn a musical instrument. Moreover, policymakers present these programs as innovative policies ...