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non-monetary aspects evolves over changing wealth levels. Wages do not perfectly compensate individuals for differential … utility of jobs in a labour market with informational frictions. Changes in wealth may then affect preferences for different … increase with wealth shocks. Duration models are estimated based on the reduced form of a search model. Wealth may play an …
Persistent link: https://www.econbiz.de/10010734431
The definition and operationalization of wealth information in population surveys and the corresponding microdata …-data-collection stage may interfere consid-erably with the substantive research question. Looking at wealth data from the German SOEP, this … analysis affects wealth distri-bution and inequality analysis. Obviously, when measured in "per capita household" terms, wealth …
Persistent link: https://www.econbiz.de/10005068905
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …
Persistent link: https://www.econbiz.de/10010551077
consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … wealth held in the form of housing (i.e., when stock and housing assets are substitutes), then they will temporarily reduce …
Persistent link: https://www.econbiz.de/10009322379
deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …
Persistent link: https://www.econbiz.de/10009322380
We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...
Persistent link: https://www.econbiz.de/10011128857
Germany experienced a unique rise in the level of self-employment in the first two decades following unification. Applying the non-linear Blinder-Oaxaca decomposition technique, we find that the main factors driving these changes in the overall level of self-employment are demographic...
Persistent link: https://www.econbiz.de/10011164333
and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …
Persistent link: https://www.econbiz.de/10010896194
This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries...
Persistent link: https://www.econbiz.de/10010783951
employee, while the median solo entrepreneur earns less. However, solo entrepreneurship pays for those with a university …
Persistent link: https://www.econbiz.de/10010961524