Showing 1 - 10 of 16
This paper provides evidence that subjective measures of individual well being can be used to study the impact of income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study: Satisfaction with household income and the income evaluation...
Persistent link: https://www.econbiz.de/10003759346
, but with increments being smaller in the European data. Third, we find that wage risk is procyclical in Germany while it … determining the cyclical properties of labor market risk. -- Life-cycle risk ; uncertainty fluctuations ; business cycle …
Persistent link: https://www.econbiz.de/10003896465
-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated … with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …
Persistent link: https://www.econbiz.de/10009534948
-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage …
Persistent link: https://www.econbiz.de/10011339080
There is a large body of literature analyzing the relationship between objective economic conditions and voting behavior, but there is very little evidence of how perceived economic insecurity impacts on political preferences. Using seventeen years of household panel data from the German...
Persistent link: https://www.econbiz.de/10009665560
This paper uses annual data drawn from the GSOEP to estimate individual earnings risk (labor market risk) in Germany … shocks to individual earnings. We find that both the transitory component and the permanent component of earnings risk have … been rising in West Germany in the 1990s and have remained at elevated levels in the 2000s. In contrast, labor market risk …
Persistent link: https://www.econbiz.de/10011457321
It is now a quarter of a century since the fall of the Berlin Wall and the gap in living standards between eastern and western Germany is still not fully closed. Admittedly, this could not realistically have been expected. Despite the increase in life satisfaction in eastern Germany, the...
Persistent link: https://www.econbiz.de/10010403443
This paper investigates whether risk preferences explain how individuals are sorted into occupations with different … willingness to take risks whose behavioral relevance has been validated in previous work. As a measure of earnings risk, we use … relating earnings risk to the measure of individual risk preference, our evidence shows that individuals with low willingness …
Persistent link: https://www.econbiz.de/10003253467
Persistent link: https://www.econbiz.de/10001906832
In this paper, we empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …
Persistent link: https://www.econbiz.de/10012800579