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Externe Monographien
Cognitive abilities are associated with key preferences and socio-economic outcomes. One of the most frequently studied cognitive abilities is cognitive reflection, the ability to avoid intuitive but potentially wrong decisions by switching to a more analytical mindset. Using rich panel data in this pre-registered study, we show that stronger cognitive reflection is significantly associated with more ...
SSRN,
2024,
58 S.
(SSRN Papers)
| Frank M. Fossen, Levent Neyse, Carsten Schröder
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Research Project
As part of the ERC Consolidator Grant WEALTHTRAJECT, Philipp Lersch will break new ground in wealth research over the next five years, and further expand the range of high quality data collection by SOEP. WEALTHTRAJECT is the first project to comprehensively and systematically investigate diversity in long-term wealth trajectories within and between social groups.
The starting point of the...
Current Project| German Socio-Economic Panel study
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Diskussionspapiere 2066 / 2023
Who makes it to the top? We use the leading, socio-economic survey in Germany supplemented by extensive data on the rich to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both distributions jointly. Although we consider many, only a few traits matter: Entrepreneurship and self-employment in conjunction with a sizable inheritance of company ...
2023| Johannes König, Christian Schluter, Carsten Schröder
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Diskussionspapiere 2065 / 2023
This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German households (GSOEP-IS). This motivates a laboratory experiment to study causality behind these effects. In two experiments, participants can purchase goods by borrowing ...
2023| Antonia Grohmann, Lukas Menkhoff, Christoph Merkle, Renke Schmacker
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Cluster-Seminar Öffentliche Finanzen und Lebenslagen
This study examines how conditional aid eligibility influences students’ application behaviors using extensive data from the French national application platform, Admission Post Bac (APB). Employing a generalized difference-in differences approach, we analyze the impact of an exogenous change in the income threshold for financial aid eligibility. Our primary focus is on high-achieving students, a...
24.10.2023| Clara Schäper
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Research Project
Political measures at the level of the European Union are intended, among other things, to ensure the stability of the economic and monetary union. This includes, for example, the establishment of the European Recovery Fund, which can be a first step towards a fiscal union in the Eurozone. The project examines how these, and other economic policy measures affect inequality between households. The...
Current Project| Macroeconomics, Forecasting and Economic Policy
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DIW Weekly Report 21 / 2023
A representative survey from August 2022 confirms public support for a universal basic income (UBI): Between 45 and 55 percent of respondents are in favor of a universal basic income and the unconditional financial security it promises. Two representative surveys from August 2022 investigate who exactly UBI supporters are and which UBI model they prefer. The surveys show that younger people in particular ...
2023| Marius R. Busemeyer, Adrian Rinscheid, Jürgen Schupp
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Refereed essays Web of Science
This article surveys the measurement of historical wealth and income inequality in Germany. We discuss the underlying data sources, the challenges they pose, and the opportunities they create. We also identify two promising avenues for future research. First, we argue that the geographic granularity of German historical statistics provides researchers with the opportunity to investigate the causes ...
In:
German Economic Review
(2024), im Ersch. [online first: 2024-09-16]
| Thilo Albers, Charlotte Bartels, Felix Schaff
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Workshop
Concerns about inequality and questions of social justice and cohesion have re-entered the public arena and animate debate. In his Nobel prize lecture in 2015, Angus Deaton has outlined three imperatives that are key to understanding inequalities and formulating welfare-enhancing policies: (I) Differences in resources across individuals should be measured not only at specific points in time but...
24.10.2024| Cecilia García Peñalosa (Aix-Marseille School of Economics , Giacomo Corneo (Freie Universität Berlin)
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Video
Social mobility and equal opportunity are key to thriving societies and economies. In the aftermath of the pandemic and in the context of increasing prices, calls for policymakers to address social and economic inequalities are intensifying. The recently launched Observatory on Social Mobility and Equal Opportunity not only brings together all OECD data points, but also displays the impact of...
20.03.2023