This study examines the relationship between individual risk aversion and reservation wages using a novel set of direct measures of individual risk attitudes from the German Socio-Economic Panel (SOEP). We find that risk aversion has a significantly negative impact on the level of reservation wages. Moreover, we show that the elasticity of the reservation wage with respect to unemployment benefits ...
We test empirically whether people's life satisfaction depends on their relative income position in the neighbourhood, drawing on a unique dataset, the German Socio-economic Panel Study (SOEP) matched with micro-marketing indicators of population characteristics. Relative deprivation theory suggests that individuals are happier the better their relative income position in the neighbourhood is. To test ...
Income poverty in Germany has reached its highest level for twenty years. This statistic is often seen as proof of the existence and growth of a 'decoupled underclass'. In other scenarios large sections of society appear to be facing collapse into poverty. If the duration of individual phases of poverty and the different dimensions of life in which need can occur are included in the analysis persistent ...
This paper reviews research about the intergenerational transmission of poverty in industrialized countries. In order to make our survey manageable, we restrict attention to studies that consider the relationship between parental poverty (or 'income') during childhood and later-life outcomes; we do not explicitly consider the impact of other family background variables such as parental education. The ...
This paper discusses how household panel surveys can be informative about the intergenerational transmission of poverty. We consider issues both of data and of the statistical methods that may be applied to those data. Although the data focus is on panel surveys from developed countries, we also briefly consider data availability in developing countries. We set out a list of survey data requirements ...
The aim of this paper is to estimate income advantages arising from publicly provided educa-tion and to analyse their impact on the income distribution in Germany. Using representative micro-data from the SOEP and considering regional and education-specific variation, from a cross-sectional perspective the overall result is the expected levelling effect. When estimating the effects of accumulated educational ...
2007| Joachim R. Frick, Markus M. Grabka, Olaf Groh-Samberg
Bonn:
IZA,
2007,
III, 38 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 2911)
| Joachim R. Frick, Markus M. Grabka, Olaf Groh-Samberg
The aim of this paper is to estimate income advantages arising from publicly provided education and to analyse their impact on the income distribution in Germany. Using representative micro-data from the SOEP and considering regional and education-specific variation, from a cross-sectional perspective the overall result is the expected levelling effect. When estimating the effects of accumulated educational ...
2007| Joachim R. Frick, Markus M. Grabka, Olaf Groh-Samberg
The March Current Population Survey (CPS) is the primary data source for estimation of levels and trends in labor earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many researchers to use the ratio of the 90th and 10th percentiles of these distributions (P90/P10) rather than a more traditional summary measure of inequality. With access ...
2007| Richard V. Burkhauser, Shuaizhang Feng, Stephen P. Jenkins