The paper derives analytical transitions probabilities following an exogenous shock to the deterministic component in the conditional logit model. The solution draws on the postestimation distribution of the models stochastic component, identified on the basis of a direct utility maximization...

The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in...

Based on a large employer-employee matched data set, the paper investigates the effects of variable enforcement of German dismissal protection legislation on the employment dynamics in small establishments. Specifically, using a difference-in-differences approach, we study the effect of changes...

Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the...

We examine the effect of single motherhood on children's secondary school track choice using a sample of 14 years old children drawn from the German Socio-Economic Panel. In line with previous studies for the U.S., the U.K. and Sweden, we find a negative correlation between disrupted family...

Much progress has been made in recent years on developing and applying a direct measure of utility using survey questions on subjective well-being. In this paper we explore whether this new type of measurement can be fruitfully applied to the study of interdependent utility in general, and...

Der Beitrag untersucht die Arbeitsmarktwirkungen einer vom Deutschen Gewerkschaftsbund vorgeschlagenen Subventionierung der Sozialbeiträge über einen allgemeinen Freibetrag. Im Rahmen eines mit SOEP-Daten geschätzten diskreten Arbeitsangebotsmodells werden die Wohlfahrtseffekte des Konzepts...

Die deutsche Bevölkerung durchläuft in den nächsten Jahrzehnten einen demographischen Alterungsprozess, der als erstes die Erwerbsbevölkerung erfasst. Dieser Beitrag diskutiert die ökonomischen Folgen dieser Entwicklung. Direkte Arbeitsmarkteffekte einer schrumpfenden und alternden...