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This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly account for individuals’ self-perceivedwillingness to take financial risks. The empirical evidence we provide ...
Berlin:
DIW Berlin,
2009,
(SOEPpapers 224)
| Oleg Badunenko, Nataliya Barasinska, Dorothea Schäfer
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Experts on investments and financial products assume that women are less amenable to risks and therefore put their money into secure investment products. A current study conducted by the DIW Berlin (German Institute for Economic Research) challenges this view. The study demonstrates that men and women are equally likely to take a chance on risky investments - assuming that they have the same financial ...
In:
Weekly Report
6 (2010), 1, 1-4
| Oleg Badunenko, Nataliya Barasinska, Dorothea Schäfer
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The paper considers panel data methods for estimating ordered logit models with individual-specific correlated unobserved heterogeneity. We show that a popular approach is inconsistent, whereas some consistent and efficient estimators are available, including minimum distance and generalized method-of-moment estimators. A Monte Carlo study reveals the good properties of an alternative estimator that ...
In:
Journal of the Royal Statistical Society, Series A (Statistics in Society)
178 (2015), 3, 685-703
| Gregori Baetschmann, Kevin E. Staub, Rainer Winkelmann
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Excess zeros are encountered in many empirical count data applications. We provide a new explanation of extra zeros, related to the underlying stochastic process that generates events. The process has two rates, a lower rate until the first event, and a higher one thereafter. We derive the corresponding distribution of the number of events during a fixed period and extend it to account for observed ...
In:
Communications in Statistics - Theory and Methods
46 (2017), 14, 7174-7187
| Gregori Baetschmann, Rainer Winkelmann
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This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal interpretation of the econometric model by discussing the choice of control variables and the underidentification between age, cohort and time effects. The empirical part analyzes the distribution of life satisfaction over the life course at the aggregated, subgroup and individual level. To ...
In:
German Economic Review
15 (2014), 3, 393-410
| Gregori Baetschmannn
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The 2008 financial crisis triggered the worst global recession since the Great Depression. Many OECD countries responded to the crisis by reducing social spending. Through 11 diverse country case studies (Belgium, Germany, Greece, Hungary, Ireland, Italy, Japan, Spain, Sweden, United Kingdom, and the United States), this volume describes the evolution of child poverty and material well-being during ...
In:
Bea Cantillon, Yekaterina Chzhen, Sudhanshu Handa, Brian Nolan ,
Children of Austerity: Impact of the Great Recession on Child Poverty in Rich Countries
Oxford: Oxford University Press
56-93
| Thomas Bahle, Peter Krause
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In this study, we analyse the long-term effects of school starting age on smoking behaviour and health in adulthood. School entry rules combined with birth month are used as an instrument for school starting age. The analysis adopts the German Socio-Economic Panel data and employs a fuzzy regression discontinuity design.
Hamburg:
Hamburg Center for Health Economics,
2016,
(HCHE Research Paper No. 2016/13)
| Michael Bahrs, Mathias Schumann
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This paper studies whether higher education tuition fees influence the intention to acquire a university degree among high school students and, if so, whether the effect on individuals from low-income households is particularly strong. We analyze the introduction and subsequent elimination of university tuition fees in Germany across states and over time in a difference-in-differences setting. Using data ...
In:
Fiscal Studies
40 (2019), 2, 117-147
| Michael Bahrs, Thomas Siedler
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Two large-scale, nationally representative panel studies (the German Socio Economic Panel Study and the British Household Panel Study) were used to assess changes in life satisfaction over the lifespan. The cross-sectional and longitudinal features of these studies were used to isolate age-related changes from confounding factors including instrumentation effects and cohort effects. Although estimated ...
In:
Social Indicators Research
99 (2010), 2, 183-203
| Brendan M. Baird, Richard E. Lucas, M. Brent Donnellan
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This paper compares the amount of income protection eleven OECD countries provided over the Great Recession. Using household-level data, I calculate the recession’s impact on earned income across the income distribution among the non-elderly populations, and investigate the degree to which additional government transfers compensated for these income losses. While the recession’s impact on earned income ...
Luxembourg:
Luxembourg Income Study (LIS),
2014,
(LIS Working Paper Series No. 620)
| Katherine Baird