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This article decomposes fluctuations in the German unemployment rate into changes in inflows (job separation) and outflows (job finding). For this purpose, we construct and examine monthly labour market transition rates from the West German sample of the SOEP (and the CPS) for the period 1984–2009. We explicitly take account of the low level of labour market transition rates in Germany. Our article ...
In:
Oxford Economic Papers - New Series
67 (2015), 4, 1078-1095
| Matthias S. Hertweck, Oliver Sigrist
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In the last 20 years, German policy makers have reformed the pension system and the labor market with the aim of prolonging working life. As a consequence, older workers’ employment rate and average retirement age rose. In addition to the actual behavior of today’s retiree cohorts, the reforms also influence the expected retirement age of future pensioners, the development of which will be investigated ...
In:
Societies
8 (2018), 3, 50
| Moritz Hess
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The article analyzes the question of whether career politicians differ systematically from the general population in terms of their attitudes toward risk. A written survey of members of the 17th German Bundestag in late 2011 identified their risk attitudes, and the survey data was set in relation to respondents to the German Socio-Economic Panel Study (SOEP) for the survey year 2009 (2002 through 2012). ...
Berlin:
DIW Berlin,
2013,
(SOEPpapers 546)
| Moritz Heß, Christian von Scheve, Jürgen Schupp, Gert G. Wagner
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Political representatives frequently make decisions with far-reaching implications for citizens and societies. Most of these decisions are choices in situations in which the probabilities of gains and losses are hard to estimate. Although decision-making is crucial to politics, existing research has hardly ever addressed the political representation of traits that notably influence decision-making. ...
In:
Palgrave Communications
4 (2018), Article No. 60,
| Moritz Heß, Christian von Scheve, Jürgen Schupp, Aiko Wagner, Gert G. Wagner
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This paper examines the impact of students' non-cognitive skills locus of control and self-esteem on their decision to enroll at college, and on their wages once they enter the labour market. We extend previous research in several ways: a model of belief formation suggests a pathway by which these traits affect economic outcomes and allows to derive testable predictions concerning individuals' ...
2013,
| Nina Hestermann
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German Socio-Economic Panel data is used to show that the decrease in life satisfaction caused by an increase in the probability of losing work is higher when self-employed than when paid employed. Further estimations reveal that becoming unemployed reduces selfemployed workers’ satisfaction considerably more than salaried workers’ satisfaction. These results indicate that losing self-employment is ...
In:
Small Business Economics
47 (2016), 2, 461-478
| Clemens Hetschko
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Using German panel data, we show that unemployed people are, on average, less satisfied with their life than employed people, but they report a substantial increase in their life satisfaction upon retirement. We interpret this finding using identity theory. Retirement raises the identity utility of the unemployed because it changes the social norms they are supposed to adhere to. The social norm for ...
In:
Economic Journal
124 (2014), 575, 149-166
| Clemens Hetschko, Andreas Knabe, Ronnie Schöb
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Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as worsened working conditions, or increased future uncertainty as regards income and employment. Using German panel data, we identify non-employment-related ...
In:
Demography
56 (2019), 3, 1105-1129
| Clemens Hetschko, Andreas Knabe, Ronnie Schöb
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Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one’s job reduces the willingness to take risks. This effect strengthens in previous hourly wage, begins to manifest itself as soon as an employee perceives the threat of job loss and is ...
Berlin:
DIW Berlin,
2015,
(SOEPpapers 813)
| Clemens Hetschko, Malte Preuss
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This work contributes to the literature demonstrating an important role for psychological traits in labor market decisions. We show that West German workers with an internal locus of control sort into jobs with performance appraisals. Appraisals provide workers who believe they control their environment a tool to demonstrate their value and achieve their goals. We confirm that workers who are risk ...
Journal of Economic Behavior & Organization 142 (2017), October 2017, 205-225| John S. Heywood, Uwe Jirjahn, Cornelia Struewing