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-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … whether severe household indebtedness is driven by trigger events such as unemployment, childbirth, divorce, or the death of … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …
Persistent link: https://www.econbiz.de/10008469700
This paper investigates physiological responses to perceptions of unfair pay. We use an integrated approach exploiting complementarities between controlled lab and representative field data. In a simple principal-agent experiment agents produce revenue by working on a tedious task. Principals...
Persistent link: https://www.econbiz.de/10011098748
household income. Finland and the US are in-between. Counterfactual predictions suggest that although household characteristics …
Persistent link: https://www.econbiz.de/10005017492
Shifting taxes from labor income to consumption is regularly suggested as a measure to induce work incentives. We investigate the effect of increases in the Value Added Tax on labor supply and the income distribution in Germany, which is compensated by a revenue-neutral reduction in...
Persistent link: https://www.econbiz.de/10010896280
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...
Persistent link: https://www.econbiz.de/10005017433
Die Erbschaft- und Schenkungsteuer muss grundlegend reformiert werden. Grund- und Betriebsvermögen sollen nach dem Ertragswertverfahren bewertet werden. Das bedeutet eine deutliche Annäherung an die Verkehrswerte, macht jedoch das Besteuerungsverfahren aufwändiger und streitanfälliger. Ein...
Persistent link: https://www.econbiz.de/10005017476
We study behavior in an investment experiment conducted with a representative sample of German households (SOEP-IS). Respondents allocate a fixed budget between a safe asset and a risky asset whose returns are tied to the German stock market and earn monetary returns based on their decisions....
Persistent link: https://www.econbiz.de/10011129002
Based on the Italian Survey on Household Income and Wealth (SHIW) and the German Socio-economic Panel (SOEP), we show … that household consumption drops after a child moves out of a household, while at the same time, per capita consumption …
Persistent link: https://www.econbiz.de/10010896273
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …
Persistent link: https://www.econbiz.de/10005018697
We analyze the effect of household indebtedness on different health outcomes using data from the German Socio … household indebtedness, such as the percentage shares of household income spent on consumer credit and home loan repayments … (which indicate the severity of household indebtedness) and a binary variable of relative overindebtedness (which indicates a …
Persistent link: https://www.econbiz.de/10008788719