The Berlin IO Day is a new one-day workshop sponsored by Berlin's leading academic institutions, including DIW Berlin, ESMT, WZB, Humboldt University Berlin, and Technical University Berlin which takes place twice a year, in the Fall and in the Spring. The aim is to create an international forum for high quality research in Industrial Organization in the heart of Berlin, one of Europe's most...
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use a novel data set comprising about 7 million data points that are used to construct a price level for each ...
This study aims to explore poverty measures, its dynamics and determinants using Multidimensional Poverty Index (MPI) and consumption poverty. Our results show that the two measures assign similar poverty status to about 52 percent of households and that both approaches confirm poverty is mainly transient in rural Ethiopia. However, we find that the trend in adjusted head count poverty is different ...
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as the consumption level of all households who are perceived to be richer, on household savings and consumption. When controlling for own income, an increase in reference ...
While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel (SOEP). In married and cohabiting couples, men have, on average, 33,000 Euro more net worth than women. We look at five different sets of factors (demographics, ...
In diesem Beitrag wird der obere Rand der Einkommens· und Vermögensverteilung in Deutschland mit Daten des Sozio·oekonomischen Panels (SOEP) analysiert. In Anlehnung an das von Sen (1976) für die Armutsmessung vorgeschlagene Vorgehen werden zunächst unterschiedliche Schwellenwerte definiert, oberhalb derer eine Person zum reichen Teil der Gesellschaft gehört. Anschließend wird untersucht, wie viele ...
