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A large literature in behavioral and social sciences has found that human wellbeing follows a U-shape over age. Some theories have assumed that the U-shape is caused by unmet expectations that are felt painfully in midlife but beneficially abandoned and experienced with less regret during old age. In a unique panel of 132,609 life satisfaction expectations matched to subsequent realizations, I find ...
In:
Journal of Economic Behavior & Organization
122 (2016), February 2016, 75-87
| Hannes Schwandt
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In:
Notburga Ott, Gert G. Wagner ,
Income Inequality in Eastern and Western Europe
Heidelberg: Physica
235-253
| Johannes Schwarze
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In:
Review of Income and Wealth
49 (2003), 3, 359-372
| Johannes Schwarze
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Bonn:
Institute for the Study of Labor (IZA),
2004,
(IZA DP No. 1200)
| Johannes Schwarze
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This paper provides evidence that subjective measures of individual well being can be used to study the impact of income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction with income is more affected by ex ante than ...
Berlin:
DIW Berlin,
2008,
(SOEPpapers 149)
| Johannes Schwarze
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Syracuse:
Cross-National Studies in Aging. Syracuse University,
1995,
(Program Project Paper No. 19)
| Johannes Schwarze
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In:
Review of Income and Wealth
42 (1996), 1, 1-11
| Johannes Schwarze
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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 ...
Berlin:
DIW Berlin,
2013,
(SOEPpapers 583)
| Daniel Kemptner
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This study investigates the effects of maternal education on child’s health and health behavior. We draw on a rich German panel data set containing information about three generations. This allows instrumenting maternal education by the number of her siblings while conditioning on grandparental characteristics. The instrumental variables approach has not yet been used in the intergenerational context ...
In:
Review of Economics of the Household
11 (2013), 1, 29-52
| Daniel Kemptner, Jan Marcus
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We analyze the implication of time-inconsistent preferences in educational decision making and corresponding policies using a structural dynamic choice model. We make two important research contributions. First, we estimate our model using data from the German Socioeconomic Panel (soep) and provide quantitative evidence for time-inconsistent behavior in educational decision making. Second, we evaluate ...
In:
Economics of Education Review
67 (2018), December 2018, 25-39
| Daniel Kemptner, Songül Tolan