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Using a representative sample of the German adult population, this paper investigates the extent to which a survey measure of present bias predicts present-biased choice behavior in incentive-compatible experiments and real-world outcomes related to investments in financial assets and human capital. The results are threefold. First, the survey and experimental measures of present bias are significantly ...
In:
Economics Bulletin
37 (2017), 3, 2162-2172
| Pia R. Pinger
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Contradictory positions have been advanced as to whether retirement has negative, positive, or no effects on subjective well-being. The authors investigated changes in life satisfaction in 1,456 German retirees. Using latent growth mixture modeling, the authors found 3 groups of people who experienced retirement differently. In Group 1, satisfaction declined at retirement but continued on a stable ...
In:
Psychology and Aging
22 (2007), 3, 442-455
| Martin Pinquart, Ines Schindler
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This study analyzes patterns of change in leisure satisfaction in the transition to retirement in 1,456 German retirees. Using latent growth mixture modeling, three patterns are identified. The largest subgroup shows a linear increase in leisure satisfaction during the four years prior to retirement and in the first months of retirement, followed by stability thereafter. Two smaller groups show no ...
In:
Leisure Sciences
31 (2009), 4, 311-329
| Martin Pinquart, Ines Schindler
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In this paper, I estimate the causal effect that an additional year of schooling for parents has on their children's education, by exploiting a compulsory schooling reform that was implemented in all West German states between 1946 and 1969. Although previous research indicates that the reform had no effect on earnings, I find that an additional year of schooling for women strongly affects the ...
In:
Scandinavian Journal of Economics
116 (2014), 3, 878-907
| Marc Piopiunik
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Many countries use centralized exit exams as a governance devise of the school system. While abundant evidence suggests positive effects of central exams on achievement tests, previous research on university-bound students shows no effects on subsequent earnings. We suggest that labor-market effects may be more imminent for students leaving school directly for the labor market and, on rigid labor markets, ...
In:
European Journal of Political Economy
31 (2013), September 2013, 93-108
| Marc Piopiunik, Guido Schwerdt, Ludger Woessmann
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The thoughts that an individual has about the future contribute substantially to their life satisfaction in a positive or negative direction. This is a result found via five different methods, some of which control for personality and disposition and the potential endogeneity of thoughts and life satisfaction. The reduction in life satisfaction experienced by individuals who report being pessimistic ...
Berlin:
DIW Berlin,
2014,
(SOEPpapers 706)
| Alan Piper
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This empirical investigation into life satisfaction, using nationally representative German panel data, finds a substantial association with an individual’s thoughts about the future, whether they are optimistic or pessimistic about it. Furthermore, including individuals’ optimism and pessimism about the future substantially increases the explanatory power of standard life satisfaction models. The ...
In:
International Review of Economics
69 (2022), 2, 177-208
| Alan Piper
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This study considers life satisfaction in relation to the empty nest syndrome, which is a situation where there are feelings of loss or loneliness for mothers and/or fathers following the departure of the last child from the parental home. In particular, the investigation considers the significance of Identity Economics when applied to parents experiencing a reduction in well-being following an extended ...
Berlin:
DIW Berlin,
2017,
(SOEPpapers 910)
| Alan Piper, Ian Jackson
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Sleep is an important part of life. Despite this importance, little is known about life satisfaction and sleep duration. Using German panel data, it is shown that sleep is an important factor for life satisfaction and, furthermore, that maximal life satisfaction is associated with about 8 h of sleep on a typical weekday. This figure represents, on average, one hour more than people currently sleep ...
In:
International Review of Economics
63 (2016), 4, 305-325
| Alan T. Piper
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We propose a generalized estimating equations (GEE) approach to the estimation of the mean and covariance structure of bivariate time series processes of panel data. The one-step approach allows for mixed continuous and discrete dependent variables. A Monte Carlo Study is presented to compare our particular GEE estimator with more standard GEE-estimators. In the empirical illustration, we apply our ...
In:
AStA Advances in Statistical Analysis
93 (2009), 4, 427-447
| Markus Pannenberg, Martin Spiess