Using German panel data, we investigate how well individuals predict their own future life satisfaction. The context is the decade following the 1990 reunification of Germany, which provided a large shock to the future prospects of the inhabitants of the former East Germany. We find that the...

This paper investigates the patterns and determinants of life satisfaction in Germany following reunification. We implement a new fixed-effect estimator for ordinal life satisfaction in the German Socio-Economic Panel and find negative effects on life satisfaction from being recently fired,...

We introduce a duration model that allows for unobserved cumulative individual-specific shocks, which are likely to be important in explaining variations in duration outcomes, such as length of life and time spent unemployed. The model is also a useful tool in situations where researchers...

Based on a large employer-employee matched dataset, 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...

The Paper examines real and nominal wage rigidities. We estimate a switching regime model, in which the observed distribution of individual wage changes, computed from West German register data for 1976-97, is generated by simultaneous processes of real, nominal or no wage rigidity, and...

Deutschland befindet sich in einem harten internationalen Wettbewerb um qualifizierte Arbeitskräfte. Dabei steht der aktuelle Fachkräftemangel nur scheinbar im Gegensatz zu einer anhaltend hohen Arbeitslosigkeit von Geringqualifizierten. Gewichtige demographische Argumente sprechen für eine...