Publications Based on SOEP Data: SOEPlit

Income and Happiness: New Results from Generalized Threshold and Sequential Models

Ordered Response Models

The Effect of Income on General Life Satisfaction and Dissatisfaction

Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may therefore be needed when analyzing the determinants of subjective well-being. We investigate asymmetries in the effect of income on subjective well-being with a single-item ...

Germany: What role for minimum wages on low-wage work?

Low-Wage Work in Germany: An Overview

Poverty and Time

The consequences of own and spousal disability on labor market outcomes and subjective well-being: Evidence from Germany

In this paper, I contrast the effects of individual and spousal disability on subjective wellbeing and labor supply using data on couples from the German Socio-Economic Panel for the years 1984 to 2006. I find that both men and women reduce their propensity to work when they or their partner become disabled. The effects of spousal disability are economically large. I find no evidence for hours and ...

On the Stability of Preferences: Repercussions of Entrepreneurship on Risk Attitudes

The majority of empirical studies makes use of the assumption of stable preferences in searching for a relationship between risk attitude and the decision to become and stay an entrepreneur. Yet empirical evidence on this relationship is limited. In this paper, we show that entry into entrepreneurship itself plays a decisive role in shaping risk preferences. We find that becoming self-employed is indeed ...

Entry into entrepreneurship, endogenous adaption of risk attitudes and entrepreneurial survival

Empirical studies use the assumption of stability in individual risk attitudes when searching for a relationship between attitude to risk and the decision to become and survive as an entrepreneur. We show that risk attitudes do not remain stable but face endogenous adaption when starting a new business. This adaption is associated with entrepreneurial survival. The results show that entrepreneurs with ...

On the simultaneity bias in the relationship between risk attitudes, entry into entrepreneurship and entrepreneurial survival

We consider the simultaneity bias when examining the effect of individual risk attitudes on entrepreneurship. We demonstrate that entry into self-employment is related to changes in risk attitudes. We further show that these changes are correlated with the probability to remain in entrepreneurship.