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In many economic models a central variable of interest is lifetime or permanent income which is not observed in survey data sets and typically proxied by annual income information. To assess the quality of such approximations, we use a unique source of lifetime earnings — the German pension system — and focus on two important issues that have been largely ignored in the existing literature. The first ...
In:
Labour Economics
17 (2010), 2, 392-406
| Jan Brenner
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In:
Schmalenbach Business Review (sbr)
55 (2003), 4, 280-293
| Steffen Brenner, Joachim Schwalbach
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This note derives analytical transition probabilities following a shock to the deterministic component of the conditional logit model. The solution draws on the post-estimation distribution of the error component, identified by use of a utility maximization interpretation of observed choices.
In:
Economics Letters
90 (2006), 1, 102-107
| Holger Bonin, Hilmar Schneider
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In:
Regina T. Riphahn, Dennis J. Snower, Klaus F. Zimmermann ,
Employment Policy in Transition. The Lessons of German Integration for the Labor Market
Berlin et al.: Springer
8-30
| Holger Bonin, Klaus F. Zimmermann
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In this paper we study the effect of television exposure on fertility. We exploit a natural experiment that took place in Germany after WWII. For topographical reasons, Western TV programs, which promoted one/no child families, could not be received in certain parts of East Germany. Using an IV approach, we find robust evidence that watching West German TV results in lower fertility. This conclusion ...
Berlin:
DIW Berlin,
2015,
(SOEPpapers 752)
| Peter Bönisch, Walter Hyll
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Individuals’ preferences in transition regions are still shaped by the former communist system. We test this ‘Communism legacy’ hypothesis by examining the impact of acculturation in a communist regime on social network participation and, as a consequence, on preferences for spatial mobility. We focus on the paradigmatic case of East Germany where mobility intentions seem to be substantially weaker ...
Berlin:
DIW Berlin,
2010,
(SOEPpapers 334)
| Peter Bönisch, Lutz Schneider
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Berlin:
German Institute for Economic Research (DIW Berlin),
2011,
(DIW Discussion Paper No. 1160)
| Timm Bönke, Giacomo Corneo, Holger Lüthen
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We examine the composition of augmented household wealth, the sum of net worth and pension wealth, in the United States and Germany. Pension wealth makes up a considerable portion of household wealth of about 48% in the United States and 61% in Germany. When pension wealth is included in household wealth, the Gini coefficient falls from 0.889 to 0.700 in the United States and from 0.755 to 0.508 in ...
In:
Scandinavian Journal of Economics
122 (2020), 3, 1140-1180
| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff
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The research on wealth inequality has generally focused on real and financial assets, while giving little attention to pension wealth: the present value of future pension entitlements from public and company pension schemes. This is surprising given the important role pension plans play in guaranteeing material security and well-being for a majority of the population, and suggests that they should ...
In:
Review of Income and Wealth
65 (2019), 4, 834-871
| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff, Lennard Zyska
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In many countries organized as federations, fiscal equalization schemes have been implemented to mitigate vertical or horizontal imbalances. Such schemes usually imply that the member states of the federation can only partly internalize (marginal) tax revenue before redistribution. Aside from the internalized marginal revenue, referred to as the marginal tax-back rate, the remainder is redistributed. ...
In:
German Economic Review
18 (2017), 3, 377-409
| Timm Bönke, Beate Jochimsen, Carsten Schröder