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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
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
household indebtedness, such as the percentage shares of household income spent on consumer credit and home loan repayments …We analyze the effect of household indebtedness on different health outcomes using data from the German Socio … (which indicate the severity of household indebtedness) and a binary variable of relative overindebtedness (which indicates a …
Persistent link: https://www.econbiz.de/10008788719
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