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This paper explores whether more generous social spending polices in fact lead to less income inequality, or if … with regard to inequality levels, I apply the System GMM estimator and use the presumably random incidence of certain … reduces inequality levels. The result is robust with respect to the instrument count and different data restrictions. Looking …
Persistent link: https://www.econbiz.de/10008827068
Despite the relatively extensive research on pay levels and the consequences of income disparities, little is known about which reference groups people choose for comparative evaluation of personal income and why different selection patterns emerge. The aim of this paper is to dig deeper for...
Persistent link: https://www.econbiz.de/10008826564
This paper explores the relationship between two well-established concepts of measuring individual well-being: the concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i.e. the gaps between the individual's income and the...
Persistent link: https://www.econbiz.de/10002390091
Persistent link: https://www.econbiz.de/10001972641
Empirical analyses of economic inequality, poverty, and mobility in Germany are, to an increas-ing extent, using … analysis in support of the European Commission's stated objective of fighting poverty and reducing social inequality through … considerable impact on the degree and structure of inequality and poverty (see Hauser 2008, Causa et al. 2009, Nolan et al. 2009 …
Persistent link: https://www.econbiz.de/10008824473
Does happiness vary with age? The evidence is inconclusive. Some studies show happiness to increase with age (Diener et al. 1999; Argyle 2001). Others hold that the association is U-shaped with either highest depression rates (Mroczek and Christian, 1998; Blanchflower and Oswald, 2008) or highest...
Persistent link: https://www.econbiz.de/10011636115
The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the...
Persistent link: https://www.econbiz.de/10009269007