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Data Documentation 70 / 2013
This documentation describes the data preparation of the new consumption module in the German Socio-Economic Panel Study (SOEP) and introduces the content and structure of the generated dataset "hconsum." In 2010, the SOEP for the first time included a detailed consumption module in the household questionnaire. This documentation discusses several methodological challenges of the new module and suggests ...
2013| Jan Marcus, Rainer Siegers, Markus M. Grabka
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SOEPpapers 583 / 2013
This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance schemes. I rely on a dynamic programming ...
2013| Daniel Kemptner
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SOEPpapers 560 / 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use a novel data set comprising about 7 million data points that are used to construct a price level for each ...
2013| Thomas Deckers, Armin Falk, Hannah Schildberg-Hörisch
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Externe Monographien
This study aims to explore poverty measures, its dynamics and determinants using Multidimensional Poverty Index (MPI) and consumption poverty. Our results show that the two measures assign similar poverty status to about 52 percent of households and that both approaches confirm poverty is mainly transient in rural Ethiopia. However, we find that the trend in adjusted head count poverty is different ...
Bonn:
IZA,
2013,
38 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 7364)
| Tilman Brück, Sindu Workneh Kebede
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Diskussionspapiere 1278 / 2013
We investigate whether the willingness to take investment risk is a sex-linked trait and link the results to the country's gender equality regime. Our empirical analysis involves household data on financial asset holdings as well as on self-reported risk tolerance for Austria, Italy, the Netherlands and Spain. Of those countries, Italy is by far the country with the greatest degree of gender inequality ...
2013| Nataliya Barasinska, Dorothea Schäfer
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Diskussionspapiere 1287 / 2013
This study aims to explore poverty measures, its dynamics and determinants using Multidimensional Poverty Index (MPI) and consumption poverty. Our results show that the two measures assign similar poverty status to about 52 percent of households and that both approaches confirm poverty is mainly transient in rural Ethiopia. However, we find that the trend in adjusted head count poverty is different ...
2013| Tilman Brück, Sindu Workneh Kebede
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SOEPpapers 564 / 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic desires and alternatives serving intrinsic needs. Thereby the neglect of asymmetries in adaptation is proposed ...
2013| Bruno S. Frey, Alois Stutzer
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SOEPpapers 563 / 2013
How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income as collected in the German Socio-Economic ...
2013| Christian Dudel, Notburga Ott, Martin Werding
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Refereed essays Web of Science
This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.
In:
Economics Letters
120 (2013), 2, S. 142-145
| Thomas Vischer, Thomas Dohmen, Armin Falk, David Huffman, Jürgen Schupp, Uwe Sunde, Gert G. Wagner
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Refereed essays Web of Science
The paper discusses the opportunities for an empirically grounded decision support system as an instrument for independent and scientifically based consumer policy consulting. To date, consumer policy is dominated by the information paradigm and the leitbild of the rational, sovereign and information-seeking consumer. Yet, both everyday practice and research in behavioural economics show that this ...
In:
Journal für Verbraucherschutz und Lebensmittelsicherheit
8 (2013), 1/2, S. 61-66
| Kornelia Hagen, Hans-W. Micklitz, Andreas Oehler, Lucia A. Reisch, Christoph Strünck