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This paper challenges the common assumption made by economists to date that income comparisons are similarly important in different segments of the subjective well-being (SWB) distribution. The results, based on the 2000-2007 waves of the German SOEP and on a Generalized Ordered Probit for panel data, show that relative income, as measured either by the mean income of the reference group or the individual ...
Bonn:
Institute for the Study of Labor (IZA),
2012,
(IZA DP No. 6591)
| Santiago Budria
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We replicate Shaw (J Labor Econ 14(4):626–653, 1996) who found that individual wage growth is higher for individuals with greater preference for risk taking. Expanding her dataset with more American observations and data for Germany, Spain, and Italy, we find evidence that risk attitudes are relevant but support is mixed at best for the original specifications.
In:
Empirical Economics
44 (2013), 2, 981-1004
| Santi Budria, Luis Diaz-Serrano, Ada Ferrer-i-Carbonell, Joop Hartog
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People gain utility from occupying a higher ranked position in the income distribution of the reference group. This paper investigates whether these gains depend on an individual’s set of non-cognitive skills. Using the 2000-2008 waves of the German Socioeconomic Panel dataset (SOEP), a subjective question on Life Satisfaction, and three different sets of non-cognitive skills indicators, we find significant ...
Berlin:
DIW Berlin,
2012,
(SOEPpapers 441)
| Santi Budria, Ada Ferrer-i-Carbonell
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People gain utility from occupying a higher ranked position in the income distribution of the reference group. This paper investigates whether these gains depend on an individual's set of personality and affective traits. Using the 2000 to 2013 waves of the German Socio‐economic Panel dataset (SOEP), a subjective question on Life Satisfaction, and three different measures of personal and affective ...
In:
Review of Income and Wealth
65 (2019), 2, 337-357
| Santi Budría, Ada Ferrer-i-Carbonell
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Bonn:
Institute for the Study of Labor (IZA),
2005,
(IZA DP No. 1763)
| Santiago Budría, Pedro T. Pereira
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The focus of this research is on decisions related to human capital formation and preferences crucial for social interaction. These decisions are analyzed at different stages of the life-cycle, starting with other-regarding preferences in preschoolers, followed by skill formation in adolescents and preferences for honesty in adults. Answering the questions on skill formation and human capital accumulation ...
2016,
| Elisabeth Bügelmayer
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In this paper, we present sibling and neighbor correlations in school grades and cognitive skills, as well as indicators of physical and mental health, for a sample of German adolescents. In a first step, we estimate sibling correlations and find a substantial influence of shared family and community background on all outcomes. To further disentangle the influence of family background and neighborhood, ...
In:
Journal of Economic Inequality
16 (2018), 3, 369-388
| Elisabeth Bügelmayer, Daniel D. Schnitzlein
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Other-regarding preferences in adults have been examined in depth in the literature. Research has shown that spiteful preferences play a crucial role in the development of human large-scale cooperation. However, there is little evidence of the factors explaining spiteful behavior in children. We investigate the relationship between children’s cognitive skills and spiteful behavior in a sample of 214 ...
In:
Journal of Economic Psychology
45 (2014), December 2014, 154-167
| Elisabeth Bügelmayer, C. Katharina Spieß
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I test whether legal institutions crowd-in social cooperation in the long-run, using the introduction of the Code Napoleon in parts of 19th century Germany as a historical experiment. I find that the application of the Code Napoleon is associated with higher levels of trust and cooperation today. This finding is robust to an identification strategy that uses only individuals located around a discontinuity ...
In:
European Economic Review
87 (2016), August 2016, 148-175
| Johannes C. Buggle
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In contrast to the original investigation by William Stanley Jevons, compensations of energy savings due to improved energy efficiency are mostly analyzed by providing energy consumption or greenhouse gas emissions. In support of a sustainable resource management, this paper analyzes so-called rebound effects based on resource use. Material flows and associated expenditures by households allow for ...
In:
Resources
3 (2014), 1, 106-122
| Johannes Buhl