Sociological research often uses income as the only indicator to describe or proxy the group of the rich. This article develops an alternative framework in order to describe varieties of affluence as three-dimensional: depending on income, wealth, and origin of wealth. The relevance of such a multidimensional perspective for social outcomes is demonstrated by analysing the heterogeneity in political ...
Ever since the financial and economic crisis of 2008/2009, public debt in almost all OECD countries has increased significantly. The European debt crisis has further intensified over the past few weeks. Private households with high levels of wealth and income could be enlisted to help with refinancing and reducing this public debt through forced loans and one-off capital levies, without a risk of slowdown ...
This paper analyzes the evolution of wage inequality and wage mobility separately for men and women in West and East Germany over the last four decades. Using a large administrative data set which covers the years 1975 to 2008, I find that wage inequality increased and wage mobility decreased for male and female workers in East and West Germany. Women faced a higher level of wage inequality and a lower ...
Using longitudinal data from the German Socio-Economic Panel (SOEP), we analyze the impact of paternal unemployment on the “big five” personality traits of young adult offspring aged 17–25. Results from longitudinal value-added models for personality show that paternal unemployment makes offspring significantly more conscientious and—to a smaller extent—less neurotic. The uncovered effects are robust ...
We empirically assess the relationship between cultural assimilation and subjective well-being of immigrants by using the German Socio-Economic Panel, a longitudinal dataset including information on both the economic and non economic conditions of the respondents. We find that the more immigrants identify with the German culture and fluently speak the national language, the more they report to be satisfied ...
In 1990, during reunification, West German democratic institutions and the existing political party system were expanded to the East German states. Even after 25 years, the people of eastern and western Germany still differ in their political engagement and attitudes. However, these differences do not apply across the board by any means. A detailed analysis of survey data from the Socio-Economic Panel ...
Since the 1980s, in West Germany has been a substantial decline in the number of people of working age who are not in paid employment. Accordingly, the share of 18- to 67-year-olds without a job has also fallen. This increase in employment figures primarily benefited those in marginal employment or solo entrepreneurs and had less of an impact on those in typical employment. In fact, the present analysis ...