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Happiness Adaptation to Income and to Status in an Individual Panel

We study adaptation to income and to status using individual panel data on the happiness of 7812 people living in Germany from 1984 to 2000. Specifically, we estimate a “happiness equation” defined over several lags of income and status and compare the long-run effects. We can (cannot) reject the hypothesis of no adaptation to income (status) during the four years following an income (status) change. ...

Some Uses of Happiness Data in Economics

Happiness Adaptation to Income Beyond "Basic Needs" (chapter 8)

Labor income uncertainty, skewness and homeownership: A panel data study for Germany and Spain

In this paper we empirically investigate the effect of labor income uncertainty on the probability of homeownership in Germany and Spain. This study is motivated by two facts. Firstly, theoretical models tend to provide ambiguous results on this issue. Secondly, previous empirical evidence focuses exclusively on the US housing market. To carry out our analysis we propose more precise income uncertainty ...

Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries

Fears and realisations of employment insecurity

We investigate the validity of subjective data on expectations of job loss and on the probability of re-employment consequent on job loss, by examining associations between expectations and realisations. We find that subjective expectations data reveal private information about subsequent realisations both of job loss and of subsequent re-employment. We also compare the use of verbal and numerical ...

Fertility and Family Income on the Move: An International Comparison Over 20 Years

The Lifetime Earnings Premium in the Public Sector: The View from Europe

In a context of widespread concern about budget deficits, it is important to assess whether public sector pay is in line with the private sector. Our paper proposes an estimation of differences in lifetime values of employment between public and private sectors for five European countries. We use data from the European Community Household Panel over the period 1994–2001 for Germany, the Netherlands, ...

Essays on the Economics of Energy Markets. Security of Supply and Greenhouse Gas Abatement (Dissertation)

Financing Social Security - Simulating Different Welfare State Systems for Germany

In Germany, there is an ongoing debate about how to increase the efficiency of the social security system and especially its financing. The aim of this paper is to simulate different financing systems for Germany. The introduction of a Liberal British or the Southern Greek financing system increases inequality and poverty, as well as labour supply incentives. The introduction of the Social-democratic ...