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"Long-term Home Care Recipients Are Often Women Who Live Alone" Six Questions to Johannes Geyer

The interview with Johannes Geyer is published in DIW Economic Bulletin 14/2015. It is available for Download as pdf-document. More issues of DIW Economic Bulletin

Income and Assets of Care Households in Germany

In 2013, some 2.6 million people received long-term care benefits. The number of benefit recipients has risen by 45 percent since 1998. A good 70 percent of benefit recipients, roughly 1.7 million people, are cared for at home and nearly 30 percent in a nursing facility. There are also a significant number of individuals who are dependent on care but not to such an extent that they are entitled to ...

Long-Term Home Care Recipients Are Often Women Who Live Alone: Six Questions to Johannes Geyer

Significant Statistical Uncertainty over Share of High Net Worth Households

The analyses of wealth inequality based on survey data usually suffer from undercoverage of the upper percentiles of the very wealthy. Yet given this group’s substantial share of total net worth, it is of particular relevance. As no tax data are available in Germany, the largest fortunes can only be simulated using “rich lists.” For example, combining the Forbes list, with its approximately 50 German ...

Spillovers between Food and Energy Prices and Structural Breaks

This paper estimates a bivariate VAR-GARCH(1,1) model to examine linkages between food and energy prices. The adopted framework is suitable to analyse both mean and volatility spillovers, and also allows for possible parameter shifts resulting from four recent events, namely: 1) the 2006 food crisis, 2) the Brent oil bubble, 3) the introduction of the Renewable Fuel Standard (RFS) policy, and 4) the ...

Lifecycle Patterns in the Socioeconomic Gradient of Risk Preferences

Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops by 0.5 SD across all groups from late adolescence to age 40. From mid to old age, risk tolerance continues ...

Apprenticeship, Vocational Training and Early Labor Market Outcomes - in East and West Germany

We study the returns to apprenticeship and vocational training for three early labor market outcomes all measured at age 25 for East and West German youths: non-employment (i.e., unemployment or out of the labor force), permanent fulltime employment, and wages. We find strong positive effects of apprenticeship and vocational training. There are no significant differences for different types of vocational ...

SOEPcampus@Universität Mannheim 2015

This year's SOEPcampus@Universität Mannheim Workshop "Längsschnittdatenanalyse mit dem Sozio-oekonomischen Panel (SOEP)" will take place from June 22-24 (workshop held in German).

The Value of a Statistical Life in a Road Safety Context: A Review of the Current Literature

This paper summarizes the state-of-the-art for assessing the value of a statistical life (VSL) as a component of the costs of road accidents. It focuses on the most popular approaches for assessing the VSL, with respect to its theoretical foundations, current state-of-research and empirical evidence. Our paper also provides a first (to our knowledge) compendium of results for the VSL based on Stated ...

The Partisan Effects of Voter Turnout: How Conservatives Profit from Rainy Election Days

In this short note, we use data from different elections in the German state of North-Rhine Westphalia between 1975 and 2010 to show that the social democrats generally profit from higher voter turnout at the expense of the conservatives. We deal with the endogeneity of voter turnout by using election day rain as an instrumental variable. Our particular contribution is the comparison of municipal and ...